Google to Launch MPC Crypto Custody System

According to Shenchao TechFlow, on October 28, as reported by CoinDesk, Google is set to announce the Google Multi-Party Compute (MPC) security service at its inaugural Digital Asset Workshop in New York on Wednesday, helping banks and other financial institutions safeguard and transfer crypto assets and tokenized assets. The product is currently in private preview, with multiple financial institutions testing it. Its parent company, Alphabet, has already used it to protect its own digital assets on Ethereum and Solana. Commercial availability is planned for early 2027, and pricing has not yet been disclosed. The system splits private keys into multiple shards, stores them across different systems, requires transactions to be checked against institution-defined rules before signing, and supports the ECDSA and Ed25519 algorithms.

Source: Shenchao TechFlow