Multi-party computation (MPC) enables multiple parties to collectively come together to do a computation without ever revealing the private data each holds. The technology is often used in self-custody solutions where multiple devices can validate a transaction removing the potential for a single point of failure

Most of the new funding will go towards MPCH’s first product called Fraction.

Fraction leverages the MPC6 engine to create a toolkit for institutions to self-manage digital assets, wallets and workflows, per the release