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Jack Henry Expands Collaboration with Google Cloud to Deliver Tokenized Deposits for Banks and Credit Unions

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Jack Henry Expands Collaboration with Google Cloud to Deliver Tokenized Deposits for Banks and Credit Unions

Jack Henry® (Nasdaq: JKHY) today announced an expansion of its collaboration with Google Cloud designed to pave the way for banks and credit unions to offer tokenized deposits through Google Cloud Universal Ledger (GCUL). As part of the expanding relationship, Jack Henry will become the first core technology provider to integrate with GCUL, helping financial institutions modernize deposit offerings, strengthen accountholder relationships, and introduce new payment and settlement capabilities. GCUL is a fully managed, distributed ledger service that enables financial institutions to tokenize and transfer money and assets on a shared, real-time record with programmable, 24/7 settlement capabilities.

As consumer and business expectations continue to evolve toward real-time, programmable, and seamless financial experiences, community and regional financial institutions face growing competition from large banks and fintech providers. By integrating tokenized deposit infrastructure into Jack Henry’s ecosystem, banks and credit unions can explore new transactional use cases, enhance digital experiences, and position themselves to meet emerging market demands.

“Tokenized deposits have the potential to reshape how money moves across the financial ecosystem,” said Jack Henry Chief Technology Officer Ben Metz. “Our strategy is centered on helping financial institutions navigate emerging technologies and access innovative capabilities through trusted, scalable infrastructure. By expanding our work with Google Cloud and serving as the first core technology provider to use GCUL, we’re helping community banks and credit unions explore new opportunities while building on the relationships, service, and expertise that have always set them apart.”

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