Google to Unveil New System for Securing Cryptocurrency For Institutional Players

Google is preparing to showcase its Multi-Party Compute system as banks seek stronger safeguards for cryptocurrency and tokenized assets. Google is preparing to introduce a new cryptocurrency security system for financial institutions as rising concerns over stolen private keys and unauthorized transactions rock the industry. The technology, called Google Multi-Party Compute (MPC), is still under wraps and is scheduled for demonstration at Google's digital assets symposium in New York City. Sources say Google Multi-Party Compute will help banks and other financial institutions safeguard and transfer cryptocurrencies and tokenized assets.