Cosmos Partner Network Aims to Scale Tokenization with Wells Fargo

Cosmos has launched a partner network to support banks in implementing tokenization projects. The 17-member network includes companies such as BitGo, Blockchain.com, and Galaxy Digital, which offer services like custody, compliance, and infrastructure integration.

The network is designed to help banks move from pilot projects to production without having to search for individual service providers. However, the partner network does not provide a pre-integrated system, and financial institutions must choose providers based on their needs and negotiate separate contracts.

Cosmos' Chief Commercial Officer Eran Barak said that participating companies have tested their services against the Cosmos Tokenization Suite, which covers functions such as custody, wallet management, and know-your-customer checks. Banks can therefore select firms that already understand the Cosmos technology rather than assessing providers without experience using the system.

The Partner Network will be put to the test with Wells Fargo's planned rollout of tokenized deposits in fall 2026. The U.S. bank plans to use Cosmos' digital ledger technology to tokenize customer deposits, and the implementation is expected to add more clients, countries, currencies, and use cases through 2027.

IBC will be used to connect separate bank ledgers, allowing tokenized deposits issued by different banks to remain divided across separate networks unless the institutions use compatible infrastructure and operating rules. However, technical connectivity does not resolve differences in compliance rules, liquidity practices, or settlement finality.