Cosmos Unveils 17-Company Partner Network for Tokenization Efforts

Cosmos has launched a 17-company partner network to support its tokenization efforts. The network includes companies such as BitGo, Blockchain.com, and Blockdaemon, which offer custody, settlement, trading, transaction screening, wallet controls, smart-contract security, and blockchain infrastructure.

The Partner Network is designed to help banks move tokenization projects from trials into production without searching the open market for each service provider. According to Cosmos' chief commercial officer Eran Barak, participating companies have tested their services against the Cosmos Tokenization Suite across various functions that banks may need for a complete tokenization product.

The network does not offer a pre-integrated system where every participant operates under one technical and commercial agreement. Instead, financial institutions must choose providers based on their needs, negotiate separate contracts, and determine how responsibility will be divided across the product.

Cosmos supplies the ledger and tokenization platform, while network members provide supporting products based on the bank's requirements. The company plans to assess the Partner Network by measuring how quickly banks progress from a signed agreement to a live transaction, as well as tracking the number of institutional users operating in production and transaction volume over time.

The first named production test will be conducted through Wells Fargo, which is using Cosmos digital ledger technology to tokenize customer deposits. The U.S. bank plans to begin with a cross-border tokenized-deposit use case this fall, followed by an expansion across additional clients, countries, currencies, and use cases through 2027.

IBC provides the infrastructure for transferring assets and a neutral governance base for the protocol. Regulators and standards bodies would still need to establish common rules for the institutions and assets using those connections.