- Kresus introduces crypto inheritance service for conservative users.
- Users can pass crypto to heirs without sharing private keys.
- A new tool aims to simplify digital content planning.
Kresus has launched a new inheritance planning service designed to help cryptocurrency investors transfer their digital wealth to beneficiaries after death without sharing private keys or relying on complicated recovery methods.
The company said that the new registration service, called Kresus Inheritance, is built directly into its wallet and aims to solve the main problems faced by crypto investors: ensuring that digital assets can be passed down from generation to generation and maintaining control of users throughout their lifetime.
The launch comes as cryptocurrency ownership continues to grow, as concerns continue over long-term governance and the legacy of self-sustaining assets.
Kresus introduces legacy planning for crypto holders
Kresus said that self-regulation gives users full control over their cryptocurrency finances, but the tools available to manage traditional finances have not fared well.
According to the company, the names of the beneficiaries, the methods of changing the location, the methods of recovery and the tools of long-term planning do not remain in the world of self-storage.
Other existing methods often require users to reveal sensitive information, such as typing in seed words or sharing private keys, which creates security risks.
“So much digital wealth has already been lost because there was no plan for what came next,” said Trevor Traina, Founder and CEO of Kresus.
“Preservation should not mean that your property is lost if something happens to you.” With Kresus Inheritance, we are offering users a safe and affordable way to protect their inheritance and ensure that the wealth they have built can be passed on to future generations.
The service is priced at $99.99 per year and is included in the Kresus wallet.
How inheritance works
Kresus Inheritance allows users to choose a beneficiary who will have access to the cryptocurrency wallet owner’s funds after a specified period of time has expired.
The company said that private keys are not shared during the transfer process, which allows users to control all of their data while still working.
Kresus also emphasized that it does not store customer assets.
The owner of the wallet remains in control only after the specified period of inactivity has elapsed and the succession process is initiated.
According to the company, a user with $50,000 in Bitcoin can choose a wife or an adult child as a beneficiary without giving them access to the assets before the transaction.
Crypto ownership is growing as legacy concerns continue
Kresus cited a Harris Poll estimate that 55 million US adults, or 21% of the population, now own cryptocurrencies.
At the same time, the company pointed to research from the Cremation Institute, which found that 89% of cryptocurrency investors worry about what happens to their digital assets after death.
The company said Kresus Inheritance aims to solve that problem by providing users with a tool to prepare for the next step before it becomes necessary.
The launch also expands the extensive Kresus wallet platform, which the company said already supports millions of self-sustaining wallet users through Kresus Wallet, mini-app experiences and business solutions.
Kresus said this new offering shows its strategy to expand beyond digital asset storage into a major wealth management platform, and plans to inherit it as part of the self-sustainability of cryptocurrency investors.
