Kresus develops digital asset tools for consumers and institutions, including seedless wallet recovery and multi-party computation (MPC) security systems.
“This investment validates both our technology and the direction Kresus has taken as a company,” said Kresus founder Trevor Traina. “Kresus has been deliberate about building infrastructure that works in real environments, from consumer applications used at scale to enterprise solutions. We’re excited to partner with Hanwha Investment & Securities as we continue to expand these efforts globally.”
Son added that the company will continue to collaborate with global technology firms to evolve into a specialized digital asset securities firm. Kresus said the funding will support product development, enterprise deployments, and global partnerships.
Before the Hanwha investment, Kresus raised $25 million in a Series A round on March 7, 2023. That round was led by Liberty City Ventures and included Jetblue Technology Ventures, Franklin Templeton, Craft Ventures, Marc Benioff, and the Winklevoss twins. The latest investment brings Kresus’ cumulative funding to approximately $38 million.
FAQ How much did Hanwha invest in Kresus? Hanwha committed about $13 million to the U.S. firm. What will the funding support? Kresus plans to expand wallets, RWA tokenization, and onchain workflows. Why is Hanwha partnering with Kresus? It aims to boost client digital asset services and tokenized products. How much has Kresus raised overall? Including this round, Kresus’ total funding stands near $38M.
