Cosmos says bank tokenization is moving beyond pilots

Cosmos has launched a 17-company partner network as it prepares for a Wells Fargo tokenized-deposit rollout planned for fall 2026, according to its chief commercial officer. Summary 17 qualified providers cover custody, compliance, security, infrastructure and systems integration. Wells Fargo plans to begin with a cross-border tokenized-deposit use case this fall. Banks must contract with providers separately and retain responsibility for compliance decisions. IBC supports ledger connectivity, while liquidity and policy standards still require industry agreement. Cosmos Chief Commercial Officer Eran Barak told crypto.news that the Partner Network is designed to help banks move tokenization projects from trials into production without searching the open market for each service provider. However, the network does not offer a pre-integrated system in which every participant operates under one technical and commercial agreement. Financial institutions must choose providers based on their needs, negotiate separate contracts, and determine how responsibility will be divided across the product. “The Cosmos Tokenization Suite partner network is a qualified ecosystem, not a pre-wired integration marketplace,” Barak said. You might also like: Cosmos EVM vulnerability drains MANTRA, TAC and KiiChain in cross chain attacks According to Barak, participating companies have tested their services against the Cosmos Tokenization Suite across the functions banks may need for a complete tokenization product. Services include custody, wallet management, know-your-customer and know-your-business checks, compliance monitoring, core banking connections, node operations, and interoperability between ledgers. Banks can therefore choose firms that already understand the Cosmos technology rather than assessing providers without experience using the system, he added. Cosmos partner network removes the vendor search process Commercial relationships will remain between each financial institution and the providers it selects. A bank’s regulatory environment, existing technology, and current vendor relationships will influence which companies it hires, according to Barak. “What the network removes is the discovery and qualification burden — that work is already done,” he said. “A bank evaluating tokenized deposits can move to implementation faster because the ecosystem is pre-vetted rather than open market.” The Partner Network gives banks access to qualified providers, but it does not combine their services under one contract. Barak described the program as a vendor pool that can support different parts of a tokenized-deposit product. Cosmos launched the network with 17 members, including BitGo, Blockchain.com, Blockdaemon, Galaxy Digital, OpenZeppelin, DFNS, and Hypernative. Other participants include Anseta, Balance, BCW Group, Coinbax, InfStones, Peersyst Technology, Silence Laboratories, Ubyx, Utila, and Zeeve. Together, the companies offer custody, settlement, trading, transaction screening, wallet controls, smart-contract security, and blockchain infrastructure. Systems integrators within the group can also coordinate several providers for banks that do not want to manage each technical connection themselves. Cosmos supplies the ledger and tokenization platform, while network members provide supporting products based on the bank’s requirements.