Tech venture studio MPCH Labs has announced it has raised $40 million in a Series A round led by Liberty City Ventures.
According to the press release, the firm has also received investments from trading firms QCP Capital and LedgerPrime, as well as venture capitalists Animoca, Human Capital and Oak HC FT.
MPCH Labs develops products based on Multi-Party Computation (MPC) technology. This cryptographic protection method allows private keys to be shared and decentralized. It allows multiple devices to confirm a transaction, preventing a single point of failure.
MPCH used the technology to create its own MPC6 engine, enabling multiple parties to sign, authorize, and view activity in a single wallet.