Zug-based AMINA Bank AG and Crypto Finance Group, with Swiss banking partners, show how DLT can modernize financial infrastructure. Pilot on Google Cloud demonstrated near-real-time settlement of fiat transactions, maintaining compliance and security.

DLT underpins banking framework, accelerating settlement without new digital currencies. Switzerland emerges as a hub for payment infrastructure. GCUL supports account-to-account transfers at scale, reducing operational friction and funding costs for institutions.

AMINA Bank CEO highlights near-real-time, compliant settlements within existing banking framework. Crypto Finance Group sees initiative as pivotal for digital financial markets. Switzerland strengthens role in digital finance as a global leader.

Participants in the pilot integrated GCUL at core-banking level, enabling near-instant settlement without disruption. Google Cloud emphasizes importance of cloud-native financial infrastructure for secure, compliant payments. GCUL allows continuous, 24/7 settlement for traditional money and tokenised assets.

Next phase focuses on scaling platform, onboarding more financial institutions, and transitioning to live operations. High-performance architecture of GCUL enables banks to create new financial products and improve liquidity management in real time.

Read more at Yahoo Finance: AMINA Bank and Crypto Finance Demo Real-Time Cross-Currency Settlement on Google Cloud