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>>Amina Bank and Crypto Finance showcase live cross-currency settlement on Google Cloud

Amina Bank and Crypto Finance showcase live cross-currency settlement on Google Cloud

crypthub

about 4 hours ago

Pilot Overview

AMINA Bank, Crypto Finance Group and several Swiss banks completed a pilot on Google Cloud’s Universal Ledger (GCUL). The proof‑of‑concept delivered near‑real‑time, 24/7 settlement of domestic fiat transactions. It achieved this without issuing new digital currencies or changing supervisory frameworks.

Technology and Compliance

The DLT layer operates as an orchestration tier above the existing banking stack, keeping current compliance, security and governance standards intact. Settlement speed increased dramatically while regulatory obligations remained unchanged. This shows that innovation can coexist with the strict controls of commercial banking.

Swiss Leadership and Benefits

The successful test reinforces Switzerland’s role as a hub for next‑generation payment infrastructure. Programmable wholesale bank money on GCUL enables large‑scale account‑to‑account transfers, lowering operational friction and funding costs. Retail, corporate and institutional clients can access modern services without disrupting core deposit or lending operations.

Future Scaling and Impact

Crypto Finance acted as the Currency Operator, onboarding participants and enforcing transaction rules. Banks integrated GCUL at the core‑banking level, offering near‑instant settlement and full transparency. The next phase will expand the platform to more institutions, cross‑border payments and point‑of‑sale use, demonstrating DLT’s potential to transform the global financial system.