Alphabet to Launch Google Multi-Party Compute Crypto Custody Service in 2027
Alphabet (GOOGL) has announced plans to launch 'Google Multi-Party Compute' (MPC), a new cryptocurrency custody service designed to enhance security for financial institutions. The technology works by splitting private keys into fragments across separate computer systems, making it significantly harder for attackers to steal funds. This move follows the 2025 unveiling of the Google Cloud Universal Ledger (GCUL) and aims to address cybersecurity concerns that currently hinder institutional blockchain adoption. The service is scheduled for a commercial launch in early 2027 and will support both ECDSA and Ed25519 transaction signing methods. This technical compatibility provides potential tailwinds for major blockchain networks, specifically Ethereum (ETH) and Solana (SOL), as well as Bitcoin. By leveraging its existing relationships with traditional financial institutions, Google aims to provide a highly secure environment for digital asset management.
Topics: Blockchain Cloud Computing Cryptocurrency Cybersecurity
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Part of the story Google Cloud Introduces Multi-Party Compute Crypto Custody Solution Amid Quantum Computing Concerns (2 articles)