Key facts
- Google is developing a crypto custody system.
- The system uses a split-key approach for enhanced security.
- Several banks are currently testing the tool.
- The planned launch is for early 2027.
Google is reportedly developing a new cryptocurrency custody service, aiming to provide bank-grade security for digital assets. The system is designed to split private keys across different environments, a method intended to bolster security. Several financial institutions are currently in the process of testing the technology. The anticipated launch for this new service is set for early 2027.