New Delhi, Oct. 29 -- Google is preparing to enter the institutional cryptocurrency security market with Google Multi-Party Computation (MPC), a new system designed to help banks and financial institutions protect digital assets and authorize blockchain transactions. It's currently in private preview, and big financial institutions are testing the technology. Google will make it available for commercial use in early 2027, the Big Tech titan said.

The company showcased the system during the first-ever digital assets symposium in New York City on Wednesday, 28 October. The shift comes amid a wave of banks investigating tokenised assets and blockchain-based money transfers, as cyberattacks and ever more sophisticated scams raise banks' conc...