Cosmos launches 17‑partner network to aid banks with tokenized deposits

Cosmos announced a 17‑member Partner Network aimed at helping financial institutions move tokenized deposit and digital‑asset services from pilot projects to production. The network brings together custody, compliance, security and blockchain‑infrastructure providers.

Key participants

The initial roster includes BitGo, Galaxy Digital, OpenZeppelin, Blockdaemon, Hypernative, Blockchain.com and eleven other specialized service providers. Cosmos will supply its Tokenization Suite and digital‑ledger technology, while partners will deliver custody, identity verification, transaction monitoring, wallet infrastructure, node services, staking, settlement and smart‑contract security.

Target use cases

The network is designed primarily for tokenized deposits – bank‑issued digital representations of commercial‑bank money that remain a liability of the issuing bank. Additional proposed applications include 24/7 settlement, programmable escrow, trade finance and agentic commerce.

Roles of notable partners

• BitGo – regulated custody, wallets, trading, financing, staking and stablecoin infrastructure.
• Galaxy Digital – trading, financing, asset‑management and tokenization services.
• Blockchain.com – institutional OTC trading, market‑making and custody.
• OpenZeppelin – smart‑contract design, auditing and continuous security.
• Blockdaemon and InfStones – blockchain node provisioning and API services.
• DFNS and Utila – advanced wallet infrastructure and policy controls.

Strategic intent

Cosmos says the coordinated stack reduces the complexity for banks that would otherwise need to source multiple vendors for token issuance, custody, compliance and operational services. The company claims its technology supports more than 150 blockchains and secures over $70 billion in assets, though it has not disclosed specific bank customers or live deployments.

Open questions

Commercial terms, fee structures and revenue‑sharing arrangements have not been disclosed. No banks have been named as participants, and the network’s commercial value will depend on future contracts that move tokenized‑deposit products into live customer use.