South Korea's Hanwha Investment & Securities has invested $13 million in U.S.-based Kresus Labs to enhance digital wallet technology and real-world asset (RWA) tokenization. The investment follows a memorandum of understanding signed during Abu Dhabi Finance Week last December, focusing on expanding Kresus's on-chain financial workflows.
Kresus Labs specializes in developing digital asset tools, including seedless wallet recovery technology and MPC-based security systems. The funding will support the advancement of institutional-grade wallet infrastructure and tokenization platforms. Hanwha aims to leverage these technologies to improve its digital asset services and create tokenized traditional financial products, highlighting ongoing institutional interest in blockchain solutions.
Hanwha Invests $13M in Kresus Labs for Seedless Wallets and RWA Tokenization
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