# Nammu21 automates syndicated loans on Google Cloud Universal Ledger

> Original title: How Nammu21 automates syndicated loans on Google Cloud Universal Ledger

- Source: Google Cloud · AI & Machine Learning
- Published: 2026-11-03T18:00:00.000Z
- Bad Influence: https://badinfluence.news/items/iogj3occlrknzp2ecbipdwfqi
- Original: https://cloud.google.com/blog/topics/financial-services/how-nammu21-automates-syndicated-loans-on-google-cloud-universal-ledger/

## Summary

Nammu21 and Google Cloud built a proof-of-concept that converts syndicated loan agreements into smart contracts on the Google Cloud Universal Ledger (GCUL). The demo modeled a $1.945 billion Term Loan B, with the agent bank, borrower and lenders working from one shared on-ledger record. The Loan Market Association reports secondary-market settlement for par and near-par loans averaged 42 days in Q4 2024.