Swiss digital asset bank AMINA, Incore Bank and Deutsche Börse’s Crypto Finance have conducted a second set of trials for digital asset settlement using the Google Cloud Universal Ledger (GCUL). The latest pilot involved client transactions in a production environment.

The permissioned distributed ledger GCUL was integrated with the banks’ core banking systems, with client accounts recorded on GCUL. This enabled crypto transactions on the Crypto Finance platform to settle in real time using commercial bank money, through transfers between clients of AMINA and Incore. Crypto Finance took on the role of Currency Operator, a central party defining the rules for the…