Facebook parent Meta (META) has joined the MPC Alliance, a non-profit group focused on cryptographic privacy and security, according to a press release.

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.

"Having major institutions like Meta join the organization strengthens the alliance and provides even greater market validation,” said Frank Wiener, President of the MPC Alliance and Marketing Director at Blockdaemon, in a statement.