By double authentication, do you mean 2FA? If so, I don't think you can use just the master public key... as a 2FA has three different master public keys which are all combined as part of the MultiSig system.
It's possible you'll be able to recover the funds, but only if the master public key you used for the watching wallet is related to one of the two master private keys (xprivs) that your 2FA seed will be able to restore. If it is paired with the master private key that TrustedCoin hold, then you're going to have to contact them to try and recover the funds...