Google previews crypto custody security system ahead of 2027 launch

Google has unveiled plans for a crypto security service that distributes private-key control across separate computing environments, targeting commercial availability in early 2027 as financial institutions seek stronger protection for digital assets. Summary Google is previewing an institutional crypto security service, with commercial availability targeted for early 2027. Alphabet reportedly uses the technology to secure unspecified digital assets on Ethereum and Solana. MPC distributes transaction-signing authority across separate environments instead of concentrating control in one private key. Google’s proposed service would compete with established institutional security providers, including Fireblocks and Fordefi. Google plans support for ECDSA and Ed25519 signing, while post-quantum upgrades have no announced release date. Google Multi-Party Compute is undergoing private testing with several major financial institutions ahead of its presentation at the company’s inaugural digital assets symposium in New York, as per CoinDesk report. Alphabet, Google’s parent company, has begun using the technology to secure its own digital assets on Ethereum and Solana. Meanwhile, the compa...