Cosmos Launches 17-Firm Network for Tokenized Deposits

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Key Takeaways

Cosmos provides ledger and tokenization infrastructure.
Partners cover custody, compliance and security.
No banking customer or volume was announced.
No direct role for ATOM was announced.

Cosmos groups the vendors banks need

According to the Cosmos Labs press release, Cosmos supplies the ledger and tokenization platform. Banks still need separate providers to verify customers, secure signing keys, monitor transactions and connect the ledger with existing systems.

The Partner Network gives banks a directory of companies covering those functions. Its initial members include BitGo, Galaxy Digital, Blockchain.com, Blockdaemon, OpenZeppelin, Hypernative, DFNS and ten other providers.

Service Participants ...

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