Google presented Google Multi-Party Compute (MPC) in New York, a cryptocurrency and tokenized-asset custody service designed for banks and large financial institutions. Currently in closed testing with several institutions, the service is expected to launch commercially in early 2027 at an undisclosed price, while Alphabet already uses it to secure its own assets on Ethereum and Solana. The technology divides private keys into fragments across independent systems and supports transaction rules such as transfer limits and approved addresses. Google also plans to integrate post-quantum signature algorithms over time, as private-key compromises accounted for 43.8% of cryptocurrencies stolen in 2024.
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