Google Launches GCUL: A New Blockchain Built for Banks and Financial Institutions

Google Cloud has entered the blockchain infrastructure race with its Layer 1 network, Google Cloud Universal Ledger (GCUL). Designed for financial institutions, GCUL distinguishes itself with Python-based smart contracts, simplifying development for traditional finance professionals.

The platform operates as a private, permissioned network, emphasizing compliance and regulatory adherence. Rich Widmann, Google’s head of Web3 strategy, highlighted its neutrality, noting GCUL’s accessibility for any financial institution without favoring specific players like Tether or Circle.

Key features include single API integration, built-in KYC tools, 24/7 capital markets support, and stable billing—avoiding volatile gas fees. A partnership with CME Group underscores real-world testing and institutional confidence in the platform.