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Google tests new crypto custody tool as AI security risks grow

TradingGain NewsroomTradingGain Newsroom··28 Oct 2026, 11:00 UTC

Google has released its Multi-Party Compute system to a small group of users in private preview. Several major financial institutions are testing it, and Alphabet already uses it to protect its own Ethereum and Solana holdings. For traders, stronger custody security could make large institutions more comfortable holding crypto over time.

ETHAt the time of writing, Ethereum traded at $2,360 (+1.96% in 24h).Live price →

Why it matters

  • Major financial institutions are already testing Google's crypto custody technology.
  • Alphabet uses the system to secure its own assets on Ethereum and Solana.
  • Better custody security may encourage bigger institutions to enter crypto markets.

What to watch next

Watch whether Google moves the system from private preview to a wider public release, and whether any major institution announces it is using it.

This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗
Google tests new crypto custody tool as AI security risks grow
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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.