Jack Henry to become first core banking provider on Google Cloud's tokenized deposit ledger
- —Jack Henry is the first core banking provider to integrate with Google Cloud Universal Ledger
- —GCUL is a fully managed distributed ledger with near-instant, 24/7 programmable settlement
- —Banks can offer tokenized deposits while keeping existing deposit relationships
- —The Jack Henry-Google Cloud partnership dates back to 2022
Why it matters: A major banking vendor is bringing tokenized deposits into the mainstream, raising competition for blockchains and stablecoins.
Source: Cryptonews.net