Jack Henry connects 7,200 banks to Google Cloud ledger for tokenized deposits

Jack Henry & Associates became the first core banking provider to integrate its platform with Google Cloud Universal Ledger, a permissioned blockchain for institutional settlement. The move gives more than 7,200 US community banks and credit unions access to tokenized deposits.

• Integration with GCUL opens tokenized deposits to 7,200+ banks and credit unions
• GCUL is a permissioned Layer-1 using Python smart contracts and no pre-funding
• Multilateral netting cuts the liquidity cost of settlement for participants
• Jack Henry and Google Cloud have partnered since a 2022 cloud migration