{"id":67783,"date":"2022-09-28T10:59:36","date_gmt":"2022-09-28T07:59:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67783"},"modified":"2025-09-07T08:29:49","modified_gmt":"2025-09-07T05:29:49","slug":"mpch-labs-raises-40-million-for-multi-party-computation-technology","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mpch-labs-raises-40-million-for-multi-party-computation-technology\/","title":{"rendered":"MPCH Labs Raises $40 Million for Multi-Party Computation Technology"},"content":{"rendered":"<p>Tech venture studio MPCH Labs announced a $40 million Series A round led by Liberty City Ventures.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re thrilled to announce that we\u2019ve raised $40M in Series A funding \ud83c\udf89<\/p>\n<p>With the support of our investors, we look forward to building the future of blockchain and web3, starting with the launch of our first product <a href=\"https:\/\/twitter.com\/fractionnews?ref_src=twsrc%5Etfw\">@fractionnews<\/a> <a href=\"https:\/\/t.co\/XqkuvfqeTp\">https:\/\/t.co\/XqkuvfqeTp<\/a><\/p>\n<p>\u2014 MPCH (@MPCH_Labs) <a href=\"https:\/\/twitter.com\/MPCH_Labs\/status\/1574793178896633857?ref_src=twsrc%5Etfw\">September 27, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>Investors in the startup included trading firms QCP Capital and LedgerPrime, as well as venture players Animoca, Human Capital and Oak HC FT.<\/p>\n<p>MPCH Labs develops products based on the <span data-descr=\"Multi-Party Computation\" class=\"old_tooltip\">Multi-Party Computation<\/span> (MPC) technology. This cryptographic protection method allows private keys to be split and stored in a decentralized manner. With it, multiple devices can co-sign a transaction, preventing a single point of failure.<\/p>\n<p>MPCH Labs has used the technology to create its own MPC6 engine, enabling multiple parties to sign, authorize and view actions in a single wallet. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The MPC6 engine contains six layers. They are a hybrid of Web2 and Web3 technology stacks, including distributed credentials, hardware security modules (HSM), Public Key Infrastructure (PKI), Intel Software Guard Extensions, and zero-knowledge proofs,&#8221; the developers said.<\/p>\n<\/blockquote>\n<p>Now the startup is preparing to launch its first product Fraction \u2013 a configurable operating platform for secure management of digital assets, wallets and workflows. Its release is expected in Q4 2022.<\/p>\n<p>According to the developers, the first customers of the product will be crypto firms, market makers, funds and asset managers. In the future it will be available to ordinary consumers.<\/p>\n<p>The MPC6 white paper is expected to be released soon after the Fraction beta version.<\/p>\n<p>Earlier ForkLog reported that Space and Time, a Web3 data platform, raised <a href=\"https:\/\/forklog.com\/en\/news\/microsoft-m12-backs-web3-data-platform-space-and-time-in-20-million-round\">strategic funding of $20 million<\/a> from major investors led by the Microsoft M12 fund.<\/p>\n<p>Read ForkLog crypto news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 crypto news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech venture studio MPCH Labs announced a $40 million Series A round led by Liberty City Ventures.<\/p>\n","protected":false},"author":1,"featured_media":67784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,1455,1110],"class_list":["post-67783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-technology","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=67783"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67783\/revisions"}],"predecessor-version":[{"id":67785,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67783\/revisions\/67785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/67784"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=67783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=67783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=67783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}