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Crypto : Google Unveils its Custody Service for Banks

Crypto : Google Unveils its Custody Service for Banks


15h47 ▪
4
min read ▪ by
Eddy S.

Summarize this article with:

Alphabet has just formalized the private demonstration of “Google Multi-Party Compute” (MPC), a crypto custody and transaction signing service tailor-made for banks. This is to face the emergence of AI-driven cyber threats. A strategic announcement, as Google’s parent company already uses this technology to secure its own reserves on Ethereum and Solana.

Faced with AI threats, Google presents its crypto custody technology for banks, already tested on Ethereum and Solana.Faced with AI threats, Google presents its crypto custody technology for banks, already tested on Ethereum and Solana.

In brief

  • Google deploys a multi-party computation (MPC) solution to allow banks to store their…

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