Google Introduces MPC Platform for Institutional Crypto Custody

Google has unveiled a crypto security platform aimed at banks and other financial institutions, according to Bitcoin.com News. The system is designed to support the custody of cryptocurrencies and tokenized assets.

The platform uses multi-party computation, or MPC, to distribute private-key control rather than keep a complete key in a single location. That approach is intended to reduce reliance on one point of security.

The launch extends Google’s work in crypto infrastructure, focusing on how institutions safeguard digital assets. The source excerpt did not provide details on availability, pricing or participating banks.