diff --git a/Cargo.lock b/Cargo.lock
index 7ad3ea4834..a9fb2a8f26 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3039,6 +3039,14 @@ dependencies = [
  "websocket-requests",
 ]
 
+[[package]]
+name = "nym-primitives"
+version = "0.1.0"
+dependencies = [
+ "cosmrs",
+ "cosmwasm-std",
+]
+
 [[package]]
 name = "nym-socks5-client"
 version = "0.12.1"
diff --git a/Cargo.toml b/Cargo.toml
index f7d3a9de93..24d9e779bc 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -44,6 +44,7 @@ members = [
     "common/nymsphinx/params",
     "common/nymsphinx/types",
     "common/pemstore",
+    "common/primitives",
     "common/socks5/proxy-helpers",
     "common/socks5/requests",
     "common/topology",
diff --git a/common/primitives/Cargo.toml b/common/primitives/Cargo.toml
new file mode 100644
index 0000000000..c66c95aa9d
--- /dev/null
+++ b/common/primitives/Cargo.toml
@@ -0,0 +1,8 @@
+[package]
+name = "nym-primitives"
+version = "0.1.0"
+edition = "2021"
+
+[dependencies]
+cosmrs = { version = "0.4.1", features = ["rpc", "bip32", "cosmwasm"] }
+cosmwasm-std = "1.0.0-beta3"
diff --git a/common/primitives/src/lib.rs b/common/primitives/src/lib.rs
new file mode 100644
index 0000000000..e85be9176e
--- /dev/null
+++ b/common/primitives/src/lib.rs
@@ -0,0 +1,29 @@
+// Copyright 2022 - Nym Technologies SA <contact@nymtech.net>
+// SPDX-License-Identifier: Apache-2.0
+
+//use cosmrs::Decimal;
+//use cosmrs::Denom as CosmosDenom;
+//use cosmrs::Coin as CosmosCoin;
+//use cosmwasm_std::Coin as CosmWasmCoin;
+//use cosmwasm_std::Uint128;
+
+use cosmwasm_std::Uint128;
+
+#[derive(Debug)]
+pub struct Coin {
+    pub denom: String,
+    pub amount: Uint128,
+}
+
+impl From<cosmrs::Coin> for Coin {
+    fn from(_: cosmrs::Coin) -> Self {
+        todo!()
+    }
+}
+
+impl From<cosmwasm_std::Coin> for Coin {
+    fn from(_: cosmwasm_std::Coin) -> Self {
+        todo!()
+    }
+}
+