Google unveils Multi-Party Compute security system in October 2026 to protect crypto assets for banks; splits private keys across systems to prevent theft after $16.69 billion lost to hacks, with commercial launch planned early 2027.

Google to preview a new crypto security system as private-key hacks mount

Google to preview crypto custody security system as AI threats growGoogle Multi-Party Compute is in private preview, with several major financial institutions testing the technology and parent company Alphabet using it to secure its own digital assets on Ethereum and Solana.Updated Oct 28, 2026, 8:35 a.m. EDTPublished Oct 28, 2026, 7:00 a.m. EDTGoogle testing crypto security system as private-key hacks mount. (Karollyne Videira Hubert/Unsplash)Google will unveil a security service that uses mult...