Google · Compute · New York · Bitcoin Magazine
Google Debuting a Bank-Grade Crypto Custody Tool Assembled on Split Keys: Report
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Google is previewing a crypto custody system that splits private keys across separate environments, with several banks testing it ahead of a planned early 2027 launch.
Key facts
- Chainalysis found that scams linked to AI tool vendors averaged $3.2 million per operation in 2025, compared with $719,000 for other scams
- DeFiLlama data shows roughly 40% of the $16.69 billion lost to hacks through June came from key compromises
- Google is reportedly unveiling Google Multi-Party Compute, a crypto custody system that splits signing keys across separate systems, at its first digital assets symposium in New York today
- Google plans commercial availability in early 2027 and has not disclosed pricing
Summary
Google is reportedly unveiling Google Multi-Party Compute, a crypto custody system that splits signing keys across separate systems, at its first digital assets symposium in New York today. Google plans commercial availability in early 2027 and has not disclosed pricing. The full key is never assembled in one place. Google says it has no access to key shares in unencrypted form, per CoinDesk.