Share this article
Meta Platforms Follows Blockchain Firms in Joining Cryptographic Privacy Group MPC Alliance
The Facebook parent joins the likes of Bolt Labs, Ciphermode Labs and Partisia Blockchain in becoming a member of the group.
Updated May 9, 2023, 3:59 a.m. Published Oct 18, 2022, 1:04 p.m.
Facebook parent Meta Platforms (META) has joined the MPC Alliance, a nonprofit group focused on cryptographic privacy and security, according to a press release on Tuesday.
The MPC Alliance is made up of 59 members, including Alibaba Group, engineering firm Bosch and a slew of blockchain firms, including Bolt Labs, Ciphermode Labs and Partisia Blockchain.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Having major institutions like Meta join the organization strengthens the alliance and provides even greater market validation,” Frank Wiener, president of the MPC Alliance and marketing director at Blockdaemon, a blockchain infrastructure firm, said in the release.
Meta initially introduced the concept of a digital currency called libra, with the project being developed by the the Diem Association. The Diem Association canceled the project in January because of regulatory scrutiny. Crypto bank Silvergate acquired the project's assets.
"Last year, we shared our longer-term vision on privacy-enhancing technologies and how we believe they will become foundational to the future of personalized advertising experiences. MPC is a critical part of this technology stack," said Sanjay Saravanan, who heads up Meta's applied cryptography research group.
UPDATE (Oct. 20, 2022, 13:56 UTC): Corrects Meta's involvement in libra.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
