South Korea's Hanwha Invests $13 Million, Betting on Seedless Crypto Wallets
Wallet infrastructure company Kresus Labs has secured an investment of approximately 18 billion Korean Won (around $13 million) from South Korea's Hanwha Investment & Securities. This funding follows a memorandum of understanding signed between the parties last December. The investment aims to expand Kresus's enterprise-grade digital wallet infrastructure, RWA tokenization platform, and on-chain financial workflows. Hanwha plans to utilize Kresus's technology, including its "seedless" wallet recovery and MPC-based security system, to enhance customer-facing digital asset services and develop tokenized traditional financial products.