kresus

According to CoinDesk, South Korea's Hanwha Investment & Securities has invested approximately $13 million (KRW 1.8 billion) in the U.S. blockchain infrastructure company Kresus Labs to advance its enterprise-level digital wallet technology and real-world asset (RWA) tokenization platform.The funding comes from a memorandum of understanding signed last December during Abu Dhabi Finance Week, aimed at expanding Kresus's on-chain financial workflows. Kresus focuses on developing digital asset tools for consumers and institutions, including "seedless" wallet recovery technology (which does not require traditional 12-24 word seed phrases) and a security system based on multi-party computation (MPC), as well as wallet infrastructure and tokenization platforms that meet institutional standards.Hanwha plans to leverage this technology to enhance its digital asset services and develop tokenized traditional financial products, highlighting institutional interest in blockchain infrastructure despite the volatility in the crypto market.

ChainCatcher news, according to CoinDesk, Christie's will provide blockchain-based digital ownership certificates for each lot at the auction "Focus on the Real: The Photographs from the Collection of Ambassador Trevor Traina," held at Rockefeller Center in New York.It is reported that this auction involves 130 works, and the ownership certificates will be minted on Base, an Ethereum Layer 2 blockchain developed by Kresus on Coinbase. Christie's ventured into blockchain technology as early as 2021 when it auctioned Beeple's "Everydays" series for a price of $69 million.

According to The Block, serial entrepreneur and former U.S. Ambassador to Austria Trevor Traina has raised $25 million in Series A funding for his Web3 super app Kresus, led by Liberty City Ventures, with other investors including Franklin Templeton, JetBlue Ventures, and Salesforce's Marc Benioff.It is reported that Kresus has not yet launched, and the website describes it as "Part Exchange, Part Wallet and Part Guide." (Source link)