Hanwha Investment & Securities has completed an approximately KRW 18 billion investment in Kresus, a U.S.-based Web3 infrastructure company. Kresus specializes in seedless wallet recovery technology and multi-party computation-based security, and operates enterprise digital wallet solutions and real-world asset (RWA) tokenization platforms. Hanwha intends to leverage Kresus’s seedless wallet security and tokenization infrastructure to upgrade its consumer digital asset services and actively develop RWA markets linked to traditional financial products.

The firms had previously signed a memorandum of understanding during Abu Dhabi Finance Week 2025, and the investment seeks to formalize long-term technical cooperation beyond a simple equity stake. The partners aim to deepen collaboration on Web3 infrastructure and security capabilities while co-developing scalable wallet and tokenization solutions. The arrangement underscores a push to apply Kresus’s technology to real-world asset use cases across Hanwha’s client ecosystem.

Trevor Traina, CEO of Kresus, described Hanwha as a trusted partner with a clear vision for transparent and secure digital asset services, saying the investment would catalyze RWA-led innovations. Son Jong-min, Hanwha’s executive vice president for strategy, stated that Kresus’s wallet security and RWA infrastructure would play a pivotal role in advancing the group’s digital asset capabilities, with plans to work with other leading global tech firms. The deal follows Hanwha’s prior investment in Xangle, illustrating a broader strategy to build a global Web3 financial ecosystem.

OFFICIAL PARTNER

Leave a Reply

OFFICIAL PARTNER

More Articles

Trending

Discover more from Rich by Coin

Subscribe now to keep reading and get access to the full archive.

Continue reading