diff --git a/src/renderer/services/cosmos/common.ts b/src/renderer/services/cosmos/common.ts
new file mode 100644
index 000000000..291aed132
--- /dev/null
+++ b/src/renderer/services/cosmos/common.ts
@@ -0,0 +1,67 @@
+import * as RD from '@devexperts/remote-data-ts'
+import { Client } from '@xchainjs/xchain-cosmos'
+import { CosmosChain } from '@xchainjs/xchain-util'
+import * as FP from 'fp-ts/lib/function'
+import * as O from 'fp-ts/lib/Option'
+import * as Rx from 'rxjs'
+import * as RxOp from 'rxjs/operators'
+
+import { isError } from '../../../shared/utils/guard'
+import { clientNetwork$ } from '../app/service'
+import * as C from '../clients'
+import { keystoreService } from '../wallet/keystore'
+import { getPhrase } from '../wallet/util'
+import type { Client$, ClientState, ClientState$ } from './types'
+
+/**
+ * Stream to create an observable `CosmosClient` depending on existing phrase in keystore
+ *
+ * Whenever a phrase has been added to keystore, a new `CosmosClient` will be created.
+ * By the other hand: Whenever a phrase has been removed, `ClientState` is set to `initial`
+ * A `CosmosClient` will never be created as long as no phrase is available
+ */
+const clientState$: ClientState$ = FP.pipe(
+  Rx.combineLatest([keystoreService.keystore$, clientNetwork$]),
+  RxOp.switchMap(
+    ([keystore, network]): ClientState$ =>
+      Rx.of(
+        FP.pipe(
+          getPhrase(keystore),
+          O.map<string, ClientState>((phrase) => {
+            try {
+              const client = new Client({
+                network,
+                phrase
+              })
+              return RD.success(client)
+            } catch (error) {
+              return RD.failure<Error>(isError(error) ? error : new Error('Failed to create Cosmos client'))
+            }
+          }),
+          // Set back to `initial` if no phrase is available (locked wallet)
+          O.getOrElse<ClientState>(() => RD.initial)
+        )
+      )
+  ),
+  RxOp.startWith<ClientState>(RD.initial),
+  RxOp.shareReplay(1)
+)
+
+const client$: Client$ = clientState$.pipe(RxOp.map(RD.toOption), RxOp.shareReplay(1))
+
+/**
+ * `Address`
+ */
+const address$: C.WalletAddress$ = C.address$(client$, CosmosChain)
+
+/**
+ * `Address`
+ */
+const addressUI$: C.WalletAddress$ = C.addressUI$(client$, CosmosChain)
+
+/**
+ * Explorer url depending on selected network
+ */
+const explorerUrl$: C.ExplorerUrl$ = C.explorerUrl$(client$)
+
+export { client$, clientState$, address$, addressUI$, explorerUrl$ }
diff --git a/src/renderer/services/cosmos/index.ts b/src/renderer/services/cosmos/index.ts
new file mode 100644
index 000000000..c6419cb35
--- /dev/null
+++ b/src/renderer/services/cosmos/index.ts
@@ -0,0 +1,3 @@
+import { client$, clientState$, address$, addressUI$, explorerUrl$ } from './common'
+
+export { client$, clientState$, address$, addressUI$, explorerUrl$ }
diff --git a/src/renderer/services/cosmos/types.ts b/src/renderer/services/cosmos/types.ts
new file mode 100644
index 000000000..659c73d21
--- /dev/null
+++ b/src/renderer/services/cosmos/types.ts
@@ -0,0 +1,8 @@
+import { Client } from '@xchainjs/xchain-cosmos'
+
+import * as C from '../clients'
+
+export type Client$ = C.Client$<Client>
+
+export type ClientState = C.ClientState<Client>
+export type ClientState$ = C.ClientState$<Client>