Google tests crypto custody amid rising security hacks: ‘Our biggest launch to date!’

Google is testing its crypto custody solution for institutions amid rising security risks that have dented users’ trust. Dubbed Google Multi-Party Computation (MPC), the solution is scheduled to be commercially available for the general public by early 2027. But the idea behind Google’s MPC isn’t unique or new. It involves splitting components of a key across various infrastructure systems or teams to prevent a single point of failure. That’s what Coinbase Custody, BitGo, Fireblocks, and other institutional custody providers use. One needs keys to sign off transactions between wallets or even for validator operations.