Wallet infrastructure company Kresus Labs has raised approximately 18 billion won ($13 million) in investments from Hanwha Investment & Securities, one of South Korea’s largest financial institutions.
The investment follows a memorandum of understanding signed in December at Abu Dhabi Finance Week and aims to expand Kresus’ enterprise digital wallet infrastructure, real-world asset (RWA) tokenization platforms and on-chain financial workflows.
The blockchain and wallet infrastructure company develops digital asset tools for both consumers and institutions, including “seedless” wallet recovery technology and security systems based on multi-party computing (MPC).
Seedless recovery refers to the means of restoring access to a digital asset stored in a wallet without having to use the traditional flow of 12 to 24 random words, which could prove a barrier to entry for some.
Kresus also operates wallet infrastructure and tokenization platforms designed to meet institutional compliance and operational requirements.
Hanwha plans to use Kresus’ technology to improve its customer-facing digital asset services and develop tokenized versions of traditional financial products. For established financial companies, wallet security and supported tokenization frameworks remain key barriers to deeper engagement with blockchain-based markets.
The increase underscores how capital continues to flow to infrastructure providers even as broader crypto markets are volatile. Instead of backing speculative tokens, institutions are increasingly targeting layers of custody, security and tokenization that can plug into existing financial systems.
