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 integr...