MPCH Labs, a Multi-Party Computation (MPC) technology company, has closed a $40 million Series A round led by Liberty City Ventures with participation from Polygon Studios, Animoca, QCP Capital and Global Coin Research. The funds raised will be used for Fraction, a customizable operating platform based on the MPC6 engine that allows multiple users to securely manage digital assets, wallets and workflows, expected to launch in Q4 of this year.
MPCH used MPC technology to build its proprietary MPC6 engine, which lets multiple parties sign, authorize, approve and view actions within the same wallet.