ChainCatcher reports that Cosmos has launched the Cosmos Partner Network, collaborating with multiple industry service providers to help global financial institutions advance digital asset-related businesses through the Cosmos Tokenization Suite and digital ledger solutions. The suite provides banks and credit unions with 24/7 payment settlement, fund management, and supports use cases such as programmable custody, programmable trade finance, and agency commerce. Cosmos offers the tokenization and ledger platform, while partners provide integrated services including KYC/KYB, custody, and compliance monitoring. Cosmos Co-CEO Maghnus Mareneck stated that financial institutions understand the potential of tokenization but struggle to move from pilot projects to high-quality real-world customer experiences; this network brings together specialized institutions to reduce the complexity of individually engaging with vendors. The network’s initial participants include 17 firms: Anseta, Balance, BCW Group, BitGo, Blockchain.com, Blockdaemon, Coinbax, DFNS, Galaxy Digital, Hypernative, InfStones, OpenZeppelin, Peersyst Technology, Silence Laboratories, Ubyx, Utila, and Zeeve. Partners gain access to integration opportunities across Cosmos’s public and private networks and can participate in Cosmos-led use cases such as tokenized deposits. Cosmos plans to continue expanding the network.
Cosmos Launches Partner Network to Help Financial Institutions Tokenize Assets
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Summary
Cosmos has announced a network upgrade with the launch of the Cosmos Partner Network, designed to assist financial institutions in tokenizing assets. Supported by 17 initial partners, the initiative utilizes the Cosmos Tokenization Suite for 24/7 settlement and fund management. Partners provide compliance and custody services, while Cosmos supplies the ledger and tokenization platforms. The network simplifies access to both public and private Cosmos networks, enabling use cases for tokenized deposits. This development in digital asset news represents a significant step forward in institutional adoption of tokenization.
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