Wallet infrastructure company Kresus Labs has raised approximately 18 billion won ($13 million) in investment from Hanwha Investment Securities, one of South Korea’s largest financial institutions.
The investment follows a memorandum of understanding signed at Abu Dhabi Financial Week last December to expand Kresus’ enterprise digital wallet infrastructure, real-world asset (RWA) tokenization platform and on-chain finance workflows.
The wallet and blockchain infrastructure company develops digital asset tools for consumers and institutions, including “seedless” wallet recovery technology and multi-party computation (MPC)-based security systems.
Seedless recovery refers to a method of restoring access to digital assets stored in a wallet without using the traditional stream of 12-24 random words, which may create a barrier to entry for some.
Kresus also operates wallet infrastructure and a tokenization platform designed to meet institutional compliance and operational requirements.
Hanwha plans to use Kresus’ technology to enhance its customer-facing digital asset services and develop tokenized versions of traditional financial products. For established financial firms, wallet security and a compliant tokenization framework remain key barriers to deep participation in the blockchain market.
The financing highlights how capital continues to flow into infrastructure providers even amid volatility in the broader cryptocurrency market. Rather than supporting speculative tokens, institutions are increasingly targeting custody, security and tokenization layers that can be plugged into existing financial systems.
