Google is rolling out a dedicated security system aimed at institutional investors that deal in cryptocurrencies and tokenized assets. Commercial launch is set for early next year.

According to industry sources on the 28th (local time), Google plans to unveil “Google Multi-Party Compute (MPC)” at an event in New York that day. The system is currently in private preview, with Google partners and major financial institutions running trials, according to the sources. The list of institutions in the preview and the service pricing have not been disclosed.

The core of MPC lies in splitting control of private keys. The private key that carries authority to move assets is divided among multiple participants, and approving a transaction…