Cosmos announced the launch of the Partner Network to assist financial institutions in tokenization

Cosmos announced the launch of the Cosmos Partner Network, uniting multiple industry service providers to assist global financial institutions in advancing digital asset-related businesses through the Cosmos Tokenization Suite and digital ledger solutions. This suite offers 24/7 payment settlement, fund management, and other capabilities for banks and credit unions, and supports scenarios such as programmable custody, programmable trade finance, and agency commerce. Cosmos provides tokenization and ledger platforms, while partners offer integrated services such as KYC/KYB, custody, and compliance monitoring.

Cosmos Co-CEO Maghnus Mareneck stated that financial institutions understand the potential of tokenization but find it challenging to transition from pilot projects to high-quality real customer experiences. This network brings together relevant professional institutions to reduce the complexity of individually connecting with vendors. The network's first batch includes 17 participants, including Anseta, Balance, BCW Group, BitGo, Blockchain.com, Blockdaemon, Coinbax, DFNS, Galaxy Digital, Hypernative, InfStones, OpenZeppelin, Peersyst Technology, Silence Laboratories, Ubyx, Utila, and Zeeve.

Partners can gain access to integration opportunities across Cosmos public and private networks and participate in use cases such as tokenized deposits that Cosmos is advancing. Cosmos plans to continue expanding the network.