Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Aptos Labs collaborates with Microsoft, Brevan Howard and SK Telecom to build out institutional platform Aptos Ascend

Aptos Labs collaborates with Microsoft, Brevan Howard and SK Telecom to build out institutional platform Aptos Ascend

The BlockThe Block2024/04/18 12:08
By:The Block

Aptos Labs penned fresh partnerships with Microsoft, Brevan Howard, SK Telecom and Boston Consulting Group to develop Aptos Ascend. The institutional platform intends to spread decentralized finance to institutional capital via the Aptos network and globally grow tokenized asset liquidity, among other endeavors.

Aptos Labs collaborates with Microsoft, Brevan Howard and SK Telecom to build out institutional platform Aptos Ascend image 0 Blockchain infrastructure developer Aptos Labs penned partnerships with major tech and finance firms to build out its Aptos Ascend.

Aptos Ascend is a digital asset management platform for financial institutions. The product will use Microsoft Azure, a cloud computing platform, as well as Azure OpenAI Service, a large language model that can undergird generative AI applications. Aptos Ascend will also employ Brevan Howard's market investment expertise to guide financial institutions offering digital currency and asset management services to clients, as well as SK Telecom's web3 technology such as wallet-as-a-service functionalities, according to a release shared with The Block.

Aptos Labs also tapped Boston Consulting Group, a firm amassing $12.3 billion in global revenue in 2023, as its consulting partner. The institutional platform intends to spread decentralized finance to institutional capital via the Aptos network and globally augment tokenized asset liquidity among other endeavors, the release continues.

“Global institutions require superior levels of compliance, security, trust, and innovation to service customers, operate across borders, and adhere to regulations at every level,” said Aptos Labs co-founder and CEO Mo Shaikh in a statement. “In collaboration with SK Telecom, Brevan Howard and Microsoft, Aptos Ascend will provide the world’s financial institutions, banks and tech-forward money markets with a performant, compliant, secure and scalable gateway to decentralized finance on Aptos that will evolve for years to come."

Aptos Labs also collaborated with Microsoft in August 2023 with the intent to further develop digital payments, tokenization and the intersection of AI and web3.

Aptos Labs founders

Headquartered in Palo Alto, Calif., Aptos Labs's co-founder and Chief Technology Officer Avery Ching served as a principal software engineer for Meta Novi, a digital wallet platform that has since shut down . Shaikh also worked for Novi's strategic partnerships at Meta, according to his LinkedIn profile.

The firm's native token APT traded hands at $9.19 at 5 p.m. ET on April 17 after seeing a 1.14% 24-hour increase, according to The Block's price page for APT . It's the 26th highest-ranked cryptocurrency with a market capitalization of $3.9 billion.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/28 16:26
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost