Swiss bank AMINA and Deutsche Börse’s Crypto Finance Group have successfully concluded a pilot program for real-time fiat settlement utilizing Google Cloud’s Universal Ledger. This initiative demonstrated the capability of banks to process inter-institutional payments around the clock without the need for new digital currencies, ensuring compliance with Swiss financial regulations. The system employs distributed ledger technology to facilitate instant settlements, reduce operational risks, and enhance efficiency, all while integrating seamlessly with existing banking infrastructure.