In a major move for crypto security, Tel Aviv-based firm inabit has teamed up with Google Cloud to take digital asset protection to the next level. The partnership focuses on preventing private key leaks — one of the biggest risks in crypto — by using Google’s Confidential Computing technology.
This collaboration comes at a crucial time when high-profile hacks continue to shake the industry. One example is the Multichain hack in July 2023, which saw attackers steal over $125 million by exploiting exposed private keys.
What Makes This Security Setup Different?
At the core of this partnership is the integration of inabit’s Trusted Computing Mechanism (TCM) with Google Cloud’s Confidential Space. This setup ensures that private keys stay encrypted even during transactions, drastically reducing the risk of insider attacks or external hacks.
“Trusted Execution Environments powered by Confidential Computing are becoming the de facto standard in Web3,”
— Rene Kolga, Senior Product Manager at Google Cloud
Kolga added that Google Cloud’s platform is designed to scale globally while protecting sensitive digital assets — especially useful for enterprises managing large sums in crypto.
Why This Matters for Crypto Users and Institutions
Dr. Moti Geva, CTO at inabit and former head of Israel’s national cybersecurity team CERT-IL, explained that the new system gives users full control and confidentiality over their digital assets.
“Our technology, paired with Google Cloud encryption, builds a solid wall against vulnerabilities seen in other wallets,”
— Dr. Geva, CTO at inabit
This isn’t just about security for tech giants either. The new system is already being adopted by banks and businesses to safely manage both crypto and fiat assets.
Designed for High-Volume, Real-World Use
This joint solution is built to handle large-scale transactions, supporting secure crypto swaps, fiat conversions, and real-time transfers. It’s also part of a larger mission: making military-grade trusted computing tools accessible to startups, fintechs, and enterprises of all sizes.
“We want to make it easy for any business to embrace crypto securely,”
— Dr. Geva
Bridging Traditional Finance and Web3
By focusing on self-custody infrastructure and bulletproof transaction security, inabit and Google Cloud are pushing crypto deeper into the mainstream. This move is expected to accelerate institutional adoption and help align digital asset management with the standards used in traditional finance.
Key Takeaways
- inabit and Google Cloud are teaming up to protect crypto transactions using Confidential Computing.
- Private keys remain encrypted even during execution, reducing the risk of hacks and insider breaches.
- The solution is already in use by banks and businesses, handling high-volume crypto and fiat activity.
- The tech is designed to make military-grade security tools accessible to companies of all sizes.
- This partnership is a big step toward mainstream, institutional crypto adoption.
