CME Group Pilots Tokenized Asset Solutions with Google Cloud; Hyperliquid Simplifies DeFi Access with Direct Token Linking

CME Group, a US derivatives exchange operator, is piloting tokenized asset solutions using Google Cloud Universal Ledger Technology (GCUL), as announced on March 25. This aims to improve capital market efficiency and wholesale payments, with testing slated to begin in 2026. GCUL, designed for traditional financial institutions, could enhance collateral, margin, settlement, and fee payments as trading moves towards 24/7. Hyperliquid has introduced a technical update enabling direct token linking between its HyperCore and HyperEVM platforms, as of Tuesday. This integration allows users to access Ethereum's DeFi ecosystem without third-party intermediaries, reducing security risks associated with bridges. Tokens on HyperCore can now be linked to their counterparts on HyperEVM, facilitating easier transfers. However, Hyperliquid has warned of potential risks associated with unverified contracts or supply mismatches.