Hanwha Boosts Blockchain Infrastructure
Hanwha Investment & Securities has injected $13 million into U.S.-based blockchain firm Kresus Labs, aiming to accelerate the development of next-generation digital asset technologies.
The funding follows a strategic partnership signed during Abu Dhabi Finance Week last December, focusing on enhancing on-chain financial workflows.
- Seedless wallet recovery
- MPC-based security
- Institutional tokenization platform
Kresus develops tools for both retail and institutional users, featuring a novel wallet solution that eliminates the need for traditional recovery phrases, using multi-party computation (MPC) for enhanced security.
Hanwha plans to integrate these innovations into its digital asset offerings and explore tokenization of traditional financial products, highlighting sustained institutional interest in blockchain despite market volatility.