Google Unveils MPC Crypto Security Built to Survive One Hack

Google is previewing an MPC crypto security service built for banks that hold digital and tokenized assets. Alphabet already uses the system to protect its own assets on Ethereum and Solana. Banks keep custody of client assets and use Google’s technology to control the keys. Commercial availability is planned for early 2027. Google presented Google Multi-Party Compute , a security service that lets banks authorize transfers of cryptocurrencies and tokenized assets without any single server or employee holding a complete private key, at its first digital assets symposium in New York on October 28.

Source: Crypto News Flash