Cosmos Labs buys Mintscan and launches Korea unit to anchor ATOM’s home market

Cosmos Labs has acquired the Mintscan product suite and launched Cosmos Labs Korea Co., Ltd. (CLK), a new Seoul-based subsidiary that will steward several of the ecosystem’s most important infrastructure services, according to a Thursday statement.

The move brings Skip:Go, IBC Eureka, Mintscan, and the Cosmos Hub under a single operational umbrella, and is expected to strengthen the foundation that supports Cosmos ecosystem development and ATOM.

Cosmos pioneered sovereign, interoperable proof-of-stake chains years before “modular” became a buzzword.

The Cosmos SDK and Inter-Blockchain Communication protocol (IBC) became foundational tooling for Cosmos-native chains and for major projects like Celestia, dYdX, and Injective that built on its architecture. The ecosystem now powers over 150 blockchains on its stack.

“The team joining us today has been building in Cosmos for eight years and shares our conviction about where the ecosystem can go from here,” Barry Plunkett, co-CEO of Cosmos Labs, said in a statemen. “We are excited to welcome them and to take on the opportunity to accelerate Cosmos’ roadmap together.”

A key benefit of the acquisition is the ability to integrate Mintscan’s explorer, indexing, and API capabilities with Skip:Go’s routing infrastructure. Cosmos Labs believes this will create a more streamlined platform for developers, institutions, and ecosystem participants while strengthening the importance of the Cosmos Hub and ATOM within the network.

The company selected Seoul as the headquarters for CLK due to Korea’s longstanding importance to Cosmos. ATOM achieved some of its earliest and strongest adoptions in the country, which remains a major hub for financial innovation and blockchain development.

“There is both practical and poetic logic to Seoul as the home of this effort. More than a regional market, Korea has been the center of gravity for the Cosmos story from the beginning,” Una Yu, Managing Director of CLK, commented on the move. “This deal gives Cosmos long-term presence to build on that legacy, and the confidence for enterprises and developers to build on the interoperable vision it represents.”

The acquisition also represents a deeper commitment to ecosystem resilience, combining a premium infrastructure asset with one of the most experienced teams in the Cosmos community, according to Yongjoo Jung, Head of Engineering at CLK.

With the transaction complete, Cosmos Labs plans to advance the Cosmos Hub roadmap while continuing to grow its enterprise-facing initiatives.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.