Google’s cloud computing division is moving forward with a service that allows financial institutions to collectively authorize and sign cryptocurrency transactions without giving any single party control of the full private key.
Google Cloud detailed Documentation for its Multi-Party Compute (MPC) service was updated on Monday, positioning the preview product for institutional Bitcoin custody. The service remains in preview, meaning Google is providing it as is, with possibly limited support.
The documentation update preceded Google Cloud’s MPC Symposium, held in New York on Wednesday. The event promises an “exclusive unveiling of Google’s groundbreaking MPC product and research projects.” after to its description and features speakers from financial institutions such as Morgan Stanley, OKX, Citi and Wells Fargo.
Google Cloud’s release notes for the service date back to August 2026. On October 1, Google released expanded Its Bitcoin security rules are designed to evaluate transaction amounts, identify target address types, and detect change outputs.
The Alphabet subsidiary has previously explored related technology through Confidential Space, a cloud environment designed to support secure multi-party computation and data sharing, as described in a June blog post.
Cointelegraph reached out to Google Cloud and Rich Widmann, Google’s Director of Digital Assets Strategy, to clarify the service’s availability and launch schedule.
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