Cosmos Labs acquires Mintscan and forms Korea subsidiary

Cosmos Labs has acquired blockchain explorer Mintscan and established Seoul-based Cosmos Labs Korea Co., Ltd., bringing Mintscan, Skip:Go, IBC Eureka and the Cosmos Hub under a single operating structure for the first time. The company said the move is meant to strengthen infrastructure, reduce duplicated work across teams and free engineering capacity to advance the Cosmos Hub roadmap and broader ecosystem tooling. Select Mintscan personnel will join Cosmos Labs' Ecosystem team across product, engineering and operations, while financial terms were not disclosed. South Korea has been one of the strongest markets for ATOM since the Cosmos Hub's early days, and Una Yu, who will function as Managing Director of the new subsidiary, said the Seoul office gives Cosmos a long-term physical presence there. Cosmos Labs, a wholly owned subsidiary of the Interchain Foundation, said its technology powers more than 150 blockchains. It is also exploring future initiatives including a liquidity layer for the Hub, privacy tools for retail and institutional users, and extending IBC Eureka connectivity to Ethereum layer-2 networks and Solana.