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