Hanwha Investment & Securities Signs MOU with US Cresus to Build Digital Asset Infrastructure

Hanwha Investment & Securities announced on December 11 that it has signed a memorandum of understanding (MOU) with Cresus, a digital wallet platform company, to build digital asset infrastructure.

Jang Byungho, CEO of Hanwha Investment & Securities (center), Son Jongmin, Executive Director (left), and Cresus Omer Khan, CTO (right), are taking a commemorative photo after signing an MOU at ADFW 2025.

Cresus, headquartered in the United States, provides B2B (business-to-business) and B2C (business-to-consumer) digital wallet services that corporate clients can use under their own brands. These services utilize tokenization infrastructure based on the Canton Network-a blockchain network specialized for financial institutions-and multi-chain wallet platform technology for integrated management of multiple blockchains.

The agreement was signed at the site of "Abu Dhabi Finance Week 2025 (ADFW 2025)," jointly attended by Hanwha financial affiliates (Hanwha Life, Hanwha General Insurance, Hanwha Asset Management, and Hanwha Investment & Securities). This aligns with Hanwha Investment & Securities' ongoing strategy to transform into a "digital asset-focused securities firm."

Through this agreement, the two companies plan to expand their partnership across all areas of Web3-related business, including digital wallets and tokenization, blockchain technology development, and personnel exchanges.

Jang Byungho, CEO of Hanwha Investment & Securities, stated, "Cresus's ability to design customer-tailored technology will be a key foundation for our digital asset business," adding, "Within the regulatory framework, we aim to establish ourselves as a leading securities firm that provides innovative services utilizing blockchain and Web3."

This content was produced with the assistance of AI translation services.