Group 1 - South Korean company Hanwha Investment & Securities invested approximately 18 billion KRW (about 13 million USD) in US wallet infrastructure company Kresus Labs [1] - The funding will be utilized for enterprise-level wallet infrastructure, RWA tokenization platform, and on-chain financial workflow development [1] - The technology includes a "seedless" wallet recovery solution and an MPC-based security system [1] Group 2 - This investment is reportedly related to a previously signed memorandum of understanding in Abu Dhabi [1]

The agreement follows Klarna's recent launch of its own stablecoin, KlarnaUSD, in partnership with Tempo and Bridge. Now, the company is exploring building a wallet to make it easier for everyday people to actually use, store, and transact with crypto, lowering the barrier for mainstream adoption. The partnership represents a research and development initiative as Klarna explores the potential of digital asset infrastructure. Any future product launches would be subject to obtaining necessary regulatory app ...