What Cosmos Network does

Cosmos Network is an enterprise-grade blockchain interoperability platform operated by the Interchain Foundation, a Swiss nonprofit established in 2016 and headquartered in Zug, Switzerland. The platform provides the Cosmos Stack, a unified framework consisting of the Cosmos SDK (an EVM-compatible software development kit used by 150+ production chains), CometBFT (a Byzantine Fault Tolerant consensus engine claiming 10,000+ TPS with sub-second settlement), and the IBC Protocol (an inter-blockchain communication standard connecting 200+ chains). The ecosystem secures over $70B in assets and is positioned primarily for financial institutions and governments pursuing tokenization, real-time settlement, and sovereign digital ledger capabilities.

The company's product portfolio has expanded from open-source infrastructure to enterprise offerings, including Cosmos Ledger (Release Family 2026.1), Cosmos Tokenization Services with pre-built adapters for Hogan, Fiserv DNA, and Silverlake core banking systems, and enterprise governance modules such as Proof-of-Authority and the Group Module. Cosmos Labs, a wholly-owned subsidiary of the Interchain Foundation, operates engineering offices in New York City, Seoul, and Berlin, and provides blockchain advisory and enterprise services. The go-to-market combines direct enterprise sales to financial institutions and governments with self-service developer adoption through GitHub, documentation, and community channels. Pricing is not publicly disclosed and appears quote-based.

Revenue mechanics are not publicly disclosed; the foundation structure funds operations through treasury management, grants, and ecosystem revenues rather than conventional equity financing. Notable enterprise deployments include Figure (Provenance blockchain for HELOC lending), Ripple (XRPL EVM with $358M+ tokenized), Ondo Finance ($2.5B+ in tokenized assets), and Progmat (a Japanese consortium-backed platform with 48% share of Japan's regulated tokenized asset issuance market in 2024). In 2025-2026, Cosmos Labs acquired Mintscan to expand ecosystem analytics capabilities, while releasing parallel execution (BlockSTM) and application-owned mempool (Krakatoa) technologies to improve throughput for enterprise workloads.

Name

Cosmos Network

Legal name

Interchain Foundation

Website

https://cosmos.network

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Cosmos Network operates an enterprise blockchain interoperability platform (Cosmos Stack) used by 150+ production chains and financial institutions including Figure, Ripple, Ondo, and Progmat for tokenization, real-time settlement, and cross-border payments.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure Platform

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Settlement, Clearing & Reconciliation for Tokenized Assets (DvP, PvP, netting, post-trade) (FSAPAIAI)

akta.pro secondary industries

Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA), Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA), Blockchain Settlement & Clearing Infrastructure (On-/Off-chain Post-Trade) (FSAGAMAC), Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK)

Keywords

• Blockchain interoperability
• Sovereign digital ledger
• Consensus engine technology
• Cross-chain communication
• Enterprise blockchain platform

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Enterprise Software Licensing & Support: Cosmos provides blockchain advisory services and enterprise solutions to financial institutions and governments. Revenue derives from licensing the Cosmos Stack technology, professional services for implementation, and ongoing technical support.
2. Open Source Ecosystem Development: Cosmos develops and maintains open-source blockchain infrastructure (Cosmos SDK, CometBFT, IBC) with funding from the Interchain Foundation. The ecosystem drives adoption that creates network effects and enterprise demand for support services.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

Cosmos provides enterprise-grade blockchain infrastructure through the Cosmos Stack, a unified platform-plus-modules framework combining the Cosmos SDK (EVM-compatible software development kit), CometBFT consensus engine (10,000+ TPS with sub-second settlement), and IBC Protocol for cross-chain interoperability. The recently unified Cosmos Ledger product packages these components into a validated release family for financial institutions and governments to launch, scale, and control sovereign digital ledgers, with specialized offerings such as Cosmos Tokenization Services that integrate with core banking systems (Hogan, Fiserv DNA, Silverlake) for 24/7 real-time settlement.

Product overview

Cosmos Network is a blockchain ecosystem providing enterprise-grade infrastructure through the Cosmos Stack, a unified platform-plus-modules architecture. The core offering combines the Cosmos SDK (Go-based blockchain development kit), CometBFT consensus engine (10,000+ TPS), IBC Protocol (interoperability connecting 200+ chains), and Cosmos EVM (EVM compatibility). The recently unified Cosmos Ledger product (Release Family 2026.1) packages these components into a validated, supported release family. Additional offerings include Cosmos Tokenization Services for bank-issued deposits with pre-built banking system adapters, plus enterprise governance modules (Proof-of-Authority and Group Module). The ecosystem spans 200+ chains securing $70B+ in assets with support for 10,000+ TPS and sub-second settlement.

Differentiator

Problem solved

Functional benefit

Brands

• Cosmos SDK: Open-source framework for building application-specific blockchains
• CometBFT
• Cosmos EVM
• IBC Protocol
• Cosmos Ledger

Products and services

• Cosmos Stack Unified enterprise blockchain framework that packages the Cosmos SDK, CometBFT consensus engine, and IBC Protocol interoperability together with enterprise governance modules into a validated, supported release family, enabling organizations to launch, scale, and control sovereign digital ledgers either via self-service open-source components or a full-service blockchain solution.
• Cosmos Ledger The unified Cosmos Stack product combining CometBFT consensus, the Cosmos SDK, and Cosmos EVM into a cohesive, tested release family, proven in production by 150+ customers and supporting 10,000+ TPS with sub-second settlement for enterprise digital ledger deployments.
• Cosmos SDK EVM-compatible software development kit proven in production by 150+ customers, providing a modular framework of components for authentication, banking, staking, and governance to build application-specific blockchains.
• CometBFT Byzantine Fault Tolerant consensus engine achieving 10,000+ transactions per second with instant sub-second settlement, designed for high-demand financial use cases and serving as the consensus layer of the Cosmos Stack.
• IBC Protocol Industry-standard cross-chain interoperability protocol enabling secure communication between 200+ independent blockchain networks, including Ethereum, Canton, banking consortia, and external payment rails, for tokenized deposits and institutional digital asset flows.
• Cosmos EVM Ethereum Virtual Machine compatibility layer for Cosmos, enabling Solidity smart contracts and existing EVM tooling to run on Cosmos chains while benefiting from IBC interoperability and CometBFT performance.
• Cosmos Hub The first blockchain in the Cosmos ecosystem and home of the ATOM token, serving as the central hub that connects the interchain through IBC Protocol.
• Cosmos Tokenization Services Bank-issued tokenized deposits solution that integrates with existing core banking platforms via pre-built adapters, enabling real-time settlement including weekends and outside banking hours and interoperability with Canton, Ethereum, and external payment rails for financial institutions.
• Mintscan Block explorer and blockchain analytics platform brought under Cosmos Labs to provide ecosystem participants with visibility into Cosmos chains and transactions.

Quantifiable outcome

• $20B+ in home equity unlocked for Figure customers
• +4 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature8 records

Partnerships

15 partnerships are on record, tiered core and flagship.

• Interchain FoundationcoreStrategic or Co-development PartnerThe Interchain Foundation is the Swiss nonprofit responsible for treasury management, funding public goods and open-source technology, and supporting governance for Cosmos. Cosmos Labs is a wholly-owned subsidiary of the Interchain Foundation.
• Cosmos LabscoreStrategic or Co-development PartnerCosmos Labs leads engineering and growth for Cosmos and provides blockchain advisory services. It is a wholly-owned subsidiary of the Interchain Foundation.
• FigureflagshipTechnology or IntegrationFigure uses Cosmos technology (Provenance blockchain) to unlock home equity. Unlocked $20B+ in home equity across 253k HELOC loan customers, saving 117 basis points in operational costs.
• RippleflagshipTechnology or IntegrationRipple's XRPL EVM platform tokenized $358M+ in assets using Cosmos EVM technology, with XRP token distributed to 60+ new blockchains.
• Ondo FinanceflagshipTechnology or IntegrationOndo's regulated digital ledger platform for institutional tokenization supports $2.5B+ in tokenized assets including U.S. Treasuries.
• ProgmatflagshipTechnology or IntegrationProgmat, backed by Japan Exchange Group, SMBC, and Mizuho, achieved 48% share in Japan's regulated tokenized asset issuance market in 2024 using Cosmos technology.
• Japan Exchange Group (JPX)coreStrategic or Co-development PartnerMajor Japanese financial exchange group backing Progmat for regulated tokenized asset issuance market in Japan.
• Sumitomo Mitsui Banking Corporation (SMBC)coreStrategic or Co-development PartnerMajor Japanese bank consortium partner supporting Progmat's tokenized asset platform on Cosmos.
• Mizuho Financial GroupcoreStrategic or Co-development PartnerJapanese banking group partner in Progmat consortium for regulated tokenized asset issuance on Cosmos.
• IBC Ecosystem (200+ Chains)coreTechnology or IntegrationEcosystem of 200+ interconnected blockchain chains using IBC Protocol for cross-chain communication, including dYdX, Celestia, Injective, Sei, and many others.
• BinancecoreTechnology or IntegrationMajor cryptocurrency exchange using Cosmos technology as evidenced by Binance logo on Cosmos customer page.
• PolygoncoreTechnology or IntegrationPolygon uses Cosmos technology as evidenced by logo on Cosmos ecosystem page. Fast, low-cost blockchain for real-world assets and global payments.
• Cronos (Crypto.com)coreTechnology or IntegrationCronos is the EVM, AI-ready compliant blockchain from Crypto.com, listed as Cosmos ecosystem partner.
• NoblecoreTechnology or IntegrationNative asset issuance for the IBC ecosystem, including USDC, USDY, and USDN stablecoins.
• dYdXcoreTechnology or IntegrationOpen-source application specific blockchain software that powers a decentralized perpetuals exchange.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Canton Network: Canton is a privacy-enabled institutional blockchain for synchronized financial workflows; Cosmos integrates with Canton but also competes for the same regulated tokenization and settlement workloads at major banks.
• R3 Corda: R3 Corda is an enterprise permissioned blockchain platform serving major financial institutions, directly competing with Cosmos Ledger for bank-grade digital ledger deployments and regulated asset tokenization.
• Chainlink: Chainlink's Cross-Chain Interoperability Protocol (CCIP) directly competes with IBC for institutional cross-chain messaging and tokenized asset transfers, with strong enterprise positioning through banking partnerships.
• Polygon: Polygon provides enterprise-grade blockchain infrastructure including Polygon CDK for app-chains and AggLayer for cross-chain interoperability, directly competing with Cosmos SDK and IBC for enterprise blockchain deployments and interoperability workloads.
• Avalanche: Avalanche's subnets architecture enables custom app-chains and its Avalanche9000 messaging protocol competes with IBC for cross-chain interoperability, targeting similar institutional tokenization and enterprise use cases.
• Hyperledger: Hyperledger (Linux Foundation) provides enterprise permissioned blockchain frameworks including Fabric and Besu, directly competing with Cosmos SDK as a permissioned platform for regulated financial and enterprise workloads.
• LayerZero: LayerZero is a leading omnichain interoperability protocol competing with IBC for cross-chain message passing, with growing adoption across DeFi and enterprise tokenization use cases.
• Polkadot: Polkadot's parachain model and Cross-Consensus Message Format (XCM) compete with Cosmos SDK and IBC for interoperability-focused blockchain ecosystems targeting enterprise and cross-chain use cases.

Emerging players

• Axelar: Axelar provides generalized cross-chain interoperability connecting 50+ blockchains, competing directly with IBC for inter-chain messaging and asset transfer workloads across Cosmos and non-Cosmos ecosystems.
• Quant Network: Quant's Overledger platform provides enterprise blockchain interoperability for banks and institutions, overlapping with Cosmos's IBC and banking-system integration capabilities in the regulated finance segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cosmos_hq
• GitHubgithub.com/cosmos
• LinkedInlinkedin.com/company/cosmoshub
• Facebookfacebook.com/Cosmos.Network.Updates

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds8 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cosmos Network