South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets

Kresus Labs, a wallet infrastructure firm, has raised approximately 18 billion won ($13 million) from South Korea's Hanwha Investment & Securities. This investment, following a December MOU, aims to accelerate the expansion of Kresus’ enterprise digital wallet infrastructure, real-world asset (RWA) tokenization platforms, and onchain financial workflows. Kresus specializes in tools like "seedless" wallet recovery—which avoids traditional 12-24 word seed phrases—and multi-party computation (MPC) security systems, alongside institutional-grade tokenization platforms. Hanwha plans to integrate this technology to improve its client-facing digital asset services and tokenize traditional financial products. The funding highlights a trend where institutional capital targets essential infrastructure layers like custody and tokenization, even amid crypto market volatility.

(Source：CoinDesk)