Google Cloud outlines MPC service for institutional Bitcoin custody
· regulatory · Sentiment: neutral
Google Cloud has introduced a multi-party computation (MPC) service aimed at enhancing institutional Bitcoin custody. The service allows multiple parties to jointly perform computations on private data without revealing their individual inputs. This development implies that institutional investors may have more secure and flexible options for managing their Bitcoin holdings. The MPC service can help mitigate risks associated with single-point control and increase the overall security of Bitcoin custody solutions.