Aptos Ascend Launches: End-to-End DeFi Solutions for Institutions

Aptos Labs has joined forces with Microsoft, SK Telecom, and Brevan Howard to launch Aptos Ascend, a suite of institutional solutions that aims to facilitate decentralized finance and bring together industry giants into the Web3 world. Aptos Ascend is designed to provide unparalleled transaction efficiency, secure asset management, and regulatory compliance for financial institutions, banks, and money markets looking to enter the world of decentralized finance.

Aptos Labs Collaborates with Industry Leaders to Launch Aptos Ascend, a Suite of End-to-End Institutional Solutions for Decentralized Finance

Aptos Labs, the blockchain platform, has announced a strategic alliance with Microsoft, SK Telecom, and Brevan Howard to establish Aptos Ascend, a suite of end-to-end institutional solutions designed to facilitate unparalleled transaction facilities and secure asset management services while fostering the adoption of decentralized finance (DeFi) and integrating industry giants into the Web3 ecosystem.

Aptos Ascend: A Gateway to Digital Asset Management

Aptos Ascend is a comprehensive set of solutions tailored to meet the needs of financial institutions and enterprises seeking to navigate the rapidly evolving landscape of DeFi. The platform incorporates a permissioned network, Digital Asset Controls powered by SK Telecom's Wallet-as-a-Service product, and the scalable and secure Aptos blockchain.

Innovation and Collaboration Drive Aptos Ascend

Mo Shaikh, Co-Founder and CEO of Aptos Labs, highlighted the critical importance of regulatory clarity, security, and innovation in global industries. He emphasized the significance of Aptos Ascend in providing a compliant, scalable, and performant gateway to DeFi on Aptos for financial institutions, banks, and tech-forward money markets.

"In collaboration with SKT, 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," said Shaikh.

Financial Giants Enter the Web3 Space

Through the collaboration with Brevan Howard, Aptos Ascend aims to empower financial institutions to offer digital assets to their clients. The partnership brings together industry leaders, money market platforms, fintech partners, and global investment firms into the burgeoning Web3 realm.

Adrian Crockett, Head of Product at Microsoft Cloud for Financial Services, acknowledged the partnership with Aptos Labs and the establishment of Aptos Ascend as a "tremendous opportunity" for the industry.

Transaction Efficiency and Security

Aptos Ascend is engineered to enhance transaction efficiency through the utilization of the Aptos blockchain. The platform's Move smart contract language and Digital Asset Controls are meticulously designed to provide robust asset management and address privacy concerns.

Oh Se-hyeon, Vice President and Head of Web3 CO at SK Telecom, expressed optimism about the potential impact of Aptos Ascend as a "strong model for innovation in the future financial market."

The advent of Aptos Ascend marks a significant milestone in the convergence of traditional financial institutions and the decentralized world of DeFi. The collaboration of industry leaders underscores the growing recognition of the transformative potential of Web3 technologies and their ability to revolutionize the way financial services are delivered and consumed.