Crypto Finance, AMINA, and Incore Bank have completed the second stage of the first phase of their payment infrastructure pilot on Google Cloud Universal Ledger (GCUL), moving from a November 2025 proof-of-concept to interbank production validation.
The three regulated financial intermediaries said the exercise demonstrated the consolidation of multiple transfers into single bank-to-bank clearing operations, with settlement efficiency improving as more institutions join the network.
They added that the setup shows a potential route to modernising payment operations without altering existing regulatory frameworks or introducing new forms of digital money.
AML and sanctions screening are embedded within the transaction flow to support compliance and data privacy requirements.
In this stage of the pilot, participating banks processed live client transactions in a production environment.
The earlier phase had demonstrated near real-time settlement using GCUL.
“We’re moving toward a more connected financial system in which money and assets can settle in real time without compromising trust,”
said Stijn Vander Straeten, CEO of Crypto Finance Group.
“This pilot with Google Cloud Universal Ledger validates our technology infrastructure’s
said Franz Bergmueller, CEO of AMINA.
Crypto Finance acted as Currency Operator during this stage, setting governance standards, onboarding criteria, and transaction rules, while AMINA and Incore Bank integrated the system into their regulated environments.
The pilot, supported by Google Cloud’s private permissioned ledger infrastructure, demonstrated automated domestic transfers operating continuously, combining existing Swiss payment rails with a shared ledger layer.
The partners said future work will explore cross-currency settlement, FX workflows, and digital asset transfers.
Featured image credit: Edited by Fintech News Switzerland, based on image by freepik
