Hanwha Invests $13M in Seedless Crypto Wallet Security: A Game-Changer for Web3

South Korean industrial giant Hanwha Group has made a strategic $13 million investment in Capsule, a startup developing "seedless" cryptocurrency wallet technology. This move signals strong institutional confidence in next-generation Web3 security solutions. Unlike traditional wallets that rely on vulnerable seed phrases, Capsule's technology utilizes advanced multi-party computation (MPC) and distributed key generation. This approach eliminates the single point of failure, potentially preventing billions in crypto asset losses from hacks and human error. The investment, led by Hanwha's investment and brokerage arm, highlights the growing corporate demand for enterprise-grade, user-friendly crypto custody. Seedless wallets are poised to drive mass adoption by simplifying security for both institutions and everyday users, reducing a major barrier to entry in the blockchain ecosystem. This backing from a major Korean conglomerate validates the seedless wallet model and could accelerate its development and integration across decentralized finance (DeFi), non-fungible tokens (NFTs), and broader blockchain applications.