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Inabit, a provider of secure cryptocurrency management solutions, has announced a partnership with Google Cloud to enhance the security of cryptocurrency transactions and digital asset management. This partnership will utilize Google Cloud's Confidential Computing platform to create secure environments where cryptocurrency private keys remain encrypted and inaccessible, even during active use. This collaboration is a response to recent high-profile security breaches, such as the Multichain incident in July 2023, which highlighted the need for robust solutions for managing private keys. By integrating its proprietary Trusted Computing Mechanism (TCM) with Google Cloud’s Confidential Space, Inabit aims to eliminate gaps associated with traditional custodial solutions. The new technology has already enabled financial institutions to securely process high-volume cryptocurrency transactions, reducing the risk of internal breaches and unauthorized access. Inabit's CTO, Dr. Moti Geva, emphasized the importance of providing secure self-custody solutions that allow companies to confidently accept cryptocurrencies in the digital economy.