Crypto Finance, AMINA, and Incore Bank Complete Second-Phase Payment Infrastructure Pilot on Google Cloud Universal Ledger for Instant Account-to-Account Transfers

Crypto Finance, AMINA Bank AG (“AMINA”), and Incore Bank have completed the second step within the first phase of their payment infrastructure pilot on Google Cloud Universal Ledger (GCUL), advancing from their November 2025 proof-of-concept to interbank production validation.

The partnership of the three regulated financial intermediaries demonstrates capabilities that consolidate multiple transfers into single bank-to-bank clearing operations, establishing the technology’s operational readiness while showcasing how settlement efficiency can increase exponentially as additional institutions join the network. As financial markets evolve toward always-on services, this pilot demonstrates a pragmatic path to modernizing payment operations without disrupting established regulatory frameworks or introducing new forms of digital money. AML and sanctions screenings are integrated directly into the transaction flow, enabling consistent, efficient compliance while upholding stringent data privacy standards.

While the first part of the initial infrastructure pilot demonstrated near-real-time settlement using GCUL, the second part of the pilot has seen the participating banks process live client transactions in a production environment.

“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 shows what that looks like in practice: regulated banks, production-grade processes, and a shared-ledger layer that removes friction. It’s a meaningful step toward the next generation of financial markets.”

“This pilot with Google Cloud Universal Ledger validates our technology infrastructure’s readiness for production environments within existing regulatory frameworks,” said Franz Bergmueller, CEO of AMINA. “We’ve demonstrated real operational capabilities and established a foundation for addressing complex payment challenges. The netting capabilities we’ve shown could be particularly valuable in cross-currency transactions, where our multi-jurisdictional regulated presence across Switzerland, the EU, Hong Kong, Abu Dhabi, and the UK positions us to leverage this technology for global payment optimization.”

“The key achievement from an integration perspective was how seamlessly the solution could be embedded into our open platform, which we operate for multiple banks,” said  Mark Dambacher, CEO of Incore Bank. “This enables transactions without impacting the customer experience and provides a strong foundation for building additional value-adding services for our clients.”

During this step of the pilot, Crypto Finance acted as Currency Operator, defining governance standards, onboarding criteria, and transaction rules, while Incore Bank and AMINA integrated the new capabilities directly into their regulated banking environments.

Enabled by Google Cloud’s private, permissioned ledger infrastructure, the initiative demonstrated how secure, fully automated domestic transfers can run around the clock, combining Switzerland’s trusted payment rails with a modern shared ledger designed to enhance efficiency and interoperability.

“We’re proud to support Switzerland’s advancement of next-generation payment infrastructure,” said  James Tromans, Managing Director, Web3 and Digital Assets, Google Cloud. “This pilot showcases how Google Cloud Universal Ledger can enhance financial services while operating within established regulatory requirements.”

The pilot demonstrates how shared-ledger technology can complement existing payment infrastructure rather than replace it, providing a practical foundation for more connected payment ecosystems. Looking ahead, the partners plan to explore additional use cases including cross-currency settlement, foreign-exchange workflows, and digital asset transfers: applications where the demonstrated netting capabilities would provide material operational benefits across broader institutional networks.