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Hanwha Invests $13 Million in Kresus Labs to Drive Seedless Wallets and RWA Tokenization
Deep Tide TechFlow News, February 19 — According to CoinDesk, South Korea’s Hanwha Investment & Securities invested approximately $13 million (KRW 1.8 billion) in U.S. blockchain infrastructure company Kresus Labs to advance its enterprise-grade digital wallet technology and real-world asset (RWA) tokenization platform. The funding originates from a memorandum of understanding signed last December at Abu Dhabi Finance Week, aimed at expanding Kresus’s on-chain financial workflows. Kresus focuses on developing digital asset tools for consumers and institutions, including seedless wallet recovery technology (eliminating the need for traditional 12-24 word seed phrases) and secure systems based on multi-party computation (MPC), as well as institutional-grade wallet infrastructure and tokenization platforms. Hanwha plans to leverage this technology to enhance its digital asset services and develop tokenized traditional financial products, highlighting ongoing institutional interest in blockchain infrastructure despite market volatility.