Google Cloud unveiled Google Multi-Party Compute, a key-signing service that splits control of a crypto key across several parties, such as a bank's own hardware, Google Cloud and a rival cloud provider, so no single provider holds the full key. The service is in private preview, with unnamed banks testing it and Alphabet using it for its Ethereum and Solana holdings. Customers set the signing threshold, such as 2-of-3 or 5-of-7, and a policy engine checks transactions against rules like spending caps; the article notes this verdict is advisory and enough signers can override a denial. General availability is targeted for early 2027 with no pricing disclosed, and the product puts Google up against BitGo, Fordefi and Fireblocks.
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cryptocustodycloud computingGooglebanks
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Related tickers and likely impact
GOOGL
▲ Likely positiveAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 325.61 |
| Change that session | +1.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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