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Hanwha Invests $13 Million in Kresus Labs to Advance Seedless Wallet and RWA Tokenization

2 hours ago

**February 19th** CoinDesk reports that South Korean VC firm Hanwha Investment & Securities has invested roughly $13 million in U.S. blockchain infrastructure company Kresus Labs. The funding will advance Kresus’s enterprise digital wallet technology and real-world asset (RWA) tokenization platform. The investment stems from a memorandum of understanding (MoU) signed during December 2023’s Abu Dhabi Financial Week, which aims to expand Kresus’s on-chain financial workflows. Kresus specializes in building consumer and institutional digital asset tools—including “seedless” wallet recovery (no 12-24 word seed phrase), multi-party computation (MPC)-based secure systems, institution-grade wallet infrastructure, and a tokenization platform. Hanwha plans to leverage this tech to enhance its digital asset services and develop tokenized traditional financial products. The move underscores ongoing institutional interest in blockchain infrastructure, even amid cryptocurrency market volatility.
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WLFI will partner with Securitize to tokenize the Maldives Trump International Hotel & Resort

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Ethereum Upgrade 2026 Protocol Priority: Glamsterdam Upgrade Scheduled for H1

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