The service is designed to add another layer of protection for institutional transactions.

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Google parent company Alphabet (NASDAQ: $GOOGL) is planning to launch a new cryptocurrency custody security service as the threat posed to digital assets by artificial intelligence (A.I.) intensifies.

Google is testing a new crypto custody security service using multiparty computation as banks seek stronger protection for private keys and tokenized assets.

Google is testing a crypto custody security system for banks, using multi-party computation to protect private keys and ...