Nammu21 demos syndicated loan automation as smart contracts on Google Cloud Universal Ledger
Overview
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. Nammu21 says it renders each facility's governing terms as a Digital Credit Instrument (DCI), and GCUL requires explicit user authorization before a contract can store data on a user's behalf.
The Loan Market Association reports that secondary-market settlement for par and near-par loans averaged 42 days in Q4 2024, the baseline the demo is positioned against. The source report is a Google Cloud first-party announcement, and the demo's results have not been independently verified.
Written by AI from the articles below · updated Nov 3, 1:29 PM ET
Check the sources:
Article timeline
The articles in this story. Times are ET.
- Google Cloud · AI & Machine LearningOfficialNammu21 automates syndicated loans on Google Cloud Universal Ledger
AINammu21 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.
Heat Trend
Not enough continuous observations to show a trend yet.