Cosmos Launches Network with 17 Companies for Tokenized Deposits

Cosmos Labs has launched a network of 17 companies that will work together to provide tokenized deposit services for banks.

The Cosmos Tokenization Suite and digital ledger products will be used across public or private networks, but the release did not require participating banks to deploy on the Cosmos Hub.

No direct role was announced for ATOM in paying fees, securing institutional networks or settling tokenized deposits.