Google Develops Layer-1 Blockchain For Universal Payments

2025-08-27 10:14:47

(MENAFN- Yolo Wire) %Google parent company %Alphabet (NASDAQ: $GOOGL) is moving forward with the development of a Layer-1 %Blockchain .

Specifically, Google Cloud is creating its own Layer-1 blockchain, positioning the network as neutral infrastructure for global finance and decentralized financial (%DeFi ) transactions.

In an online post, Rich Widmann, Google's head of Web3 strategy, provided details of the project known as the "Google Cloud Universal Ledger" (GCUL).

He described the platform as a neutral, high-performance blockchain designed for institutions, supporting Python-based smart contracts to make it more accessible to developers and financial firms.

"Any financial institution can build with GCUL," wrote Widmann.

Google's Universal Ledger is being designed as a shared infrastructure intended to be credibly neutral and accessible to any institution rather than bound to a single payment ecosystem.

The Google Cloud Universal Ledger is also expected to support asset tokenization.

Widmann wrote that Google aims to have its Layer-1 blockchain launched and fully available in 2026, adding that the ultimate goal is to create a foundation for global-scale payments, institutional tokenization, and around-the-clock capital markets infrastructure.

GOOGL stock has gained 9% this year to trade at $207.14 U.S. per share.

MENAFN27082025007606016353ID1109983825

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.