The cryptocurrency landscape is on the cusp of a security revolution as Multi-Party Computation (MPC) wallets gain prominence in 2025. These wallets are poised to completely change the way users control and protect their digital assets. They offer stronger security while improving user experience at the same time. In fact, many of the biggest names in the wallet space, including Trezor, MetaMask, and Coinbase Wallet have already begun exploring MPC technology. They’re simply trying to improve their product and platform and keep users secure. Such rapid adoption across the board indicates a monumental shift toward more secure and user-friendly cryptocurrency management solutions.

Trezor, favourite of hardware-development purists with its open-source architecture, is a pioneer as well, with its Shamir Backup feature today. Trezor is already looking ahead to 2025 and some very cool firmware updates. These changes will allow us to better support additional networks and improve the Shamir Backup user experience. This will enable users to have a more convenient and safe experience backing up their wallets.

Further, as we’ve discussed previously, MetaMask is adopting MPC with its new MetaMask Institutional platform. This platform delivers a customizable and secure Web3 access point specifically designed for institutions, enabling them to manage their crypto assets with greater control and compliance. The integration of MPC into MetaMask Institutional not only helps to deepen that security, but it reinforces the demand for such secure institutional-grade wallet solutions.

Coinbase Wallet is at the forefront of this technological wave. With its Wallet-as-a-Service (WaaS) offering, it underpins MPC key infrastructure. This service uses seedless onboarding and secure transaction signing to eliminate friction from the user experience without compromising on security. As early as 2025, Coinbase Wallet will integrate MPC-backed wallets directly into third-party apps. With this move, fueled by its WaaS SDK, Kiro’s technology will increase the reach and affordability of secure wallet technology.

Bitget Wallet is closely researching other MPC-based improvements to private key management and social recovery restoration. Bitget Wallet and Phantom are both currently testing hybrid MPC and account abstraction in a robust manner. Their intention is to provide users with more flexible and secure account recovery alternatives. Bitget Wallet is looking forward to introducing this innovative “smart recovery” feature in the near future. This new method enhances security and user convenience by merging MPC with social login, facilitating speedy account recovery while keeping user data private.

Mobile wallets are an exciting force behind bringing the using and creating of advanced cryptography to a larger audience. The Bitcoin.com Wallet also features seedless recovery, allowing users to effortlessly recover their digital assets securely and easily. Similarly, the Binance Web3 Wallet offers threshold security, making asset recovery even easier for the everyday user. These features are especially useful to mobile users who might be less accustomed to conventional security measures.

MPC wallets are a huge leap forward in cryptocurrency security. By sharing private keys among multiple parties, MPC removes the single point of failure found with conventional wallets. This ensures that even if one party is compromised, the attacker still cannot get to the user’s funds. They would need to ruin all of the other stakeholders.

The heightened security of MPC Wallets is matched—and even outdone—by a best-in-class user experience. Seedless recovery options and easy onboarding processes help encourage new users to download and use cryptocurrency wallets. That’s key for encouraging broader use of digital assets.