Google Launches Institutional Crypto Custody Service for Banks
Google has unveiled a new crypto custody solution designed to help banks securely manage digital assets.
Google has unveiled a new crypto custody solution designed to help banks securely manage digital assets. Ethereum (ETH) is trading at ₹2,20,904 ($2,318.08), down 1.4% since this brief published. This is an original Token Times brief synthesising 2 outlets (Cointribune, Unchained), plus live market data, as of Thu, 29 Oct 2026 02:00:01 UTC.
This development marks Google's entry into the institutional crypto custody market, leveraging its security expertise to address rising cyber threats and potentially accelerating mainstream financial institution adoption of digital assets.
- Google's custody service uses AI-powered security features
- Banks can maintain partial key control on their own hardware
- Targeted full release in early 2027
- Service supports Ethereum and Solana networks
Both Cointribune and Unchained report that Google has launched a new crypto custody service aimed at banks, with a focus on advanced security features to combat AI-powered cyberattacks. They agree that the service is currently operational for Ethereum and Solana networks within Alphabet. However, Unchained provides additional detail about the key management architecture, stating that banks can maintain partial key control on their own hardware to ensure no single provider, including Google, has complete access to the keys. The release timeline also differs slightly, with Unchained specifying an early 2027 target for broader availability.
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Google has announced the launch of a new institutional-grade crypto custody service designed to help banks securely manage digital assets. The service incorporates AI-powered security features to protect against the growing threat of sophisticated cyberattacks.
The custody solution is built on infrastructure that Alphabet, Google's parent company, has already deployed internally for managing assets on the 
Ethereum and 
Solana networks. This suggests a high level of technical maturity and integration with existing systems.
Cointribune and Unchained both confirm the basic details of the service, but Unchained provides additional insight into the key management architecture. According to Unchained, banks using the service can maintain partial key control on their own hardware, ensuring that no single provider, including Google, has complete access to the cryptographic keys.
The announcement comes at a time when traditional financial institutions are increasingly exploring digital asset offerings but face significant security and regulatory challenges. By offering a custody solution with robust security features, Google aims to address these concerns and facilitate broader institutional adoption of cryptocurrencies.
The total cryptocurrency market cap currently stands at $2.78 trillion, with 
Bitcoin and Ethereum showing modest 24-hour gains of 0.50% and 0.44% respectively. The market remains in a neutral sentiment state with a Fear & Greed Index of 51. Ethereum's market cap is $287.2 billion while Solana's is $60 billion, with both showing slight positive movement in the past 24 hours.
Since this brief published about 11 hours ago, Ethereum (ETH) has moved from ₹2,23,998.37$2,350.55 to ₹2,20,904.10$2,318.08 — -1.38%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹240,477.62 (about $2,318.08), down 1.5% over 24 hours. The rupee itself trades about 8.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Google Launches Institutional Crypto Custody Service for Ban — questions & answers
What security features does Google's custody service offer?
The service uses AI-powered security to protect against sophisticated cyberattacks.
Can banks maintain control over their crypto assets?
Yes, banks can keep one key share on their own hardware to prevent any single provider from having full control.
When will the service be fully available?
The targeted release for broader availability is early 2027.
How much is 1 Ethereum worth in rupee today?
About ₹240,477.62 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,318.08. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 1.38% since this brief first published — trading at ₹2,20,904 ($2,318.08) now versus ₹2,23,998 ($2,350.55) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointribune, Unchained, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.