Google pitches crypto custody to banks with key-splitting service set for 2027

Crypto Insight Summary: Google Cloud has unveiled Multi-party Compute (MPC), a custody service that breaks a crypto signing key into separate shares held in different places so no single party controls the whole key. The product is being pitched to banks, and Google says that the commercial launch will come in early 2027. How does Google’s key-splitting work?... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Google's 2027 MPC custody offering may improve institutional access, but has no immediate broad market effect.