- Only when a certain amount of inactive time has passed may Kresus users nominate a beneficiary to access the portfolio.
- Inheritance expands upon Kresus’s current wallet and infrastructure company, which provides corporate solutions, mini-app experiences, and the Kresus Wallet to millions of self-custodial wallet users.
Today, Kresus, the self-custody wallet created to make owning digital assets easier, unveiled Kresus Inheritance. With the help of this new tool, customers may design a safe succession plan for their crypto assets. It doesn’t need complicated recovery processes or the distribution of private keys.
People have complete control over their digital assets when they have self-custody. However, conventional wealth management’s supporting infrastructure hasn’t kept up. Long-term planning, recovery routes, beneficiary designations, and estate transfer procedures are often absent. Each option necessitates a weakness. Written seed phrases are available. Early key sharing might lead to abuse. Additionally, conventional estate planning may be expensive and difficult.
“Too much digital wealth has already been lost because there was no plan for what happens next,” said Trevor Traina, Founder and CEO of Kresus. “Self-custody shouldn’t mean your assets disappear if something happens to you. With Kresus Inheritance, we’re giving users a secure and affordable way to protect their legacy and ensure the wealth they’ve built can be passed on to the next generation.”
Inheritance is included into the Kresus wallet and costs $99.99 annually. Only when a certain amount of inactive time has passed may Kresus users nominate a beneficiary to access the portfolio. Throughout the transfer procedure, private keys are never disclosed. While active, users have complete control of their assets. Kresus does not assume responsibility for user assets. Until the specified inactivity time expires and the succession process is initiated, the wallet owner maintains control.
A Harris Poll poll estimates that 55 million American people, or 21% of the population, already hold crypto. However, according to a Cremation Institute survey, 89% of cryptocurrency investors are concerned about what would happen to their possessions after they pass away. By providing people with an integrated method to prepare for their digital assets before the need ever arises, Kresus Inheritance aims to bridge that gap. With no access until a validated succession event takes place, a user with $50,000 in bitcoin may now easily name a spouse or adult child as a beneficiary.
Inheritance expands upon Kresus’s current wallet and infrastructure company, which provides corporate solutions, mini-app experiences, and the Kresus Wallet to millions of self-custodial wallet users. It underscores Kresus’s overarching goal of turning the wallet into a comprehensive wealth management platform, supported by products like Inheritance that directly integrate legacy planning into the self-custody process.
Kresus is a blockchain infrastructure and wallet firm located in the United States that develops digital asset products for institutions and individuals. The Kresus Wallet, user mini-app experiences, and corporate solutions for digital wallets, tokenized assets, and on-chain financial processes are among its offerings. Kresus was established in San Francisco with the goal of providing scalable, secure blockchain infrastructure for real-world applications.
