Google is introducing a new security product, Google Multi-Party Compute (MPC), designed to help financial institutions manage and transfer crypto and tokenized assets. The system aims to prevent unauthorized transactions and mitigate risks from compromised credentials by splitting private keys into fragments held by different parties.
The service is currently in private preview, with a broader market launch anticipated around 2027. While the technology currently focuses on specific security threats, Google plans to add support for post-quantum cryptography in the future.
The architecture behind Google Cloud's MPC has been in development with Anchorage Digital, a federally chartered crypto bank, since 2025. Additionally, Google Cloud Universal Ledger, which supports tokenized deposits and 24/7 settlement, began integrating with banking technology provider Jack Henry on October 16, 2026.
Other industry players are also adopting MPC technology. For instance, Gemini Custody announced on October 8, 2026, that it would transition all institutional accounts to an MPC-based system to facilitate faster withdrawals and broader blockchain support.
