Google to preview crypto custody security system as AI threats grow
Source: CoinDesk ·
From the source
Google Multi-Party Compute is in private preview, with several major financial institutions testing the technology and parent company Alphabet using it to secure its own digital assets on Ethereum and Solana. Google to showcase a new security system designed to help banks and other financial institutions safeguard and move cryptocurrencies and tokenized assets at its inaugural digital assets symposium in New York City on Wednesday. The product, officially named Google Multi-Party Compute (MPC), is in private preview and is not yet generally available. Several design partners and major financial institutions are testing the technology, Google told CoinDesk. Alphabet, the parent company, has also begun using it to secure its own digital assets on the Ethereum and Solana blockchains. Google did not identify the institutions testing the service or specify which digital assets Alphabet is securing. The company plans to make Google Multi-Party Compute commercially available in early 2027,…