TechFlow News, February 19: According to CoinDesk, South Korea’s Hanwha Investment & Securities has invested approximately $13 million USD (KRW 1.8 billion) in U.S.-based blockchain infrastructure firm Kresus Labs to advance its enterprise-grade digital wallet technology and real-world asset (RWA) tokenization platform. The investment stems from a memorandum of understanding signed in December last year during Abu Dhabi Finance Week, aimed at expanding Kresus’ on-chain financial workflows. Kresus focuses on developing digital asset tools for both consumers and institutions—including “seedless” wallet recovery technology (eliminating the need for traditional 12–24-word seed phrases) and multi-party computation (MPC)-based security systems—as well as institutional-grade wallet infrastructure and tokenization platforms. Hanwha plans to leverage this technology to enhance its digital asset services and develop tokenized traditional financial products—a move underscoring sustained institutional interest in blockchain infrastructure despite cryptocurrency market volatility.
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