Aptos Ascend Revolutionizes Digital Asset Management for Global Financial Institutions

Aptos Labs, in collaboration with Microsoft, Brevan Howard, and SK Telecom, announces Aptos Ascend, a suite of end-to-end institutional solutions for regulatory-compliant digital asset management. Powered by Microsoft Azure OpenAI, SKT's Wallet-as-a-Service, and the Aptos blockchain, Aptos Ascend enables financial institutions to offer digital currency and asset management to clients at scale, while addressing compliance, security, and innovation challenges.

Aptos Ascend: Empowering Global Financial Institutions with Digital Asset Management

Washington, United States, April 18th, 2024

In a groundbreaking announcement, Aptos Labs has unveiled Aptos Ascend, a comprehensive suite of institutional solutions designed to revolutionize digital asset management for financial institutions worldwide. Developed in collaboration with Microsoft (NASDAQ: MSFT) Azure OpenAI, Boston Consulting Group (BCG), Brevan Howard, and SK Telecom (SKT), Aptos Ascend empowers financial institutions with regulatory-compliant, scalable solutions that unlock the transformative potential of digital assets.

End-to-End Solutions for Comprehensive Asset Management

Aptos Ascend provides a comprehensive suite of end-to-end solutions tailored specifically for the needs of global financial institutions. The suite includes:

• Permissioned Network: A secure, permissioned blockchain network designed to meet the rigorous regulatory requirements of traditional finance.
• Digital Asset Controls: A robust framework for managing digital assets with industry-leading security, privacy, and compliance features.
• Wallet-as-a-Service (Waas): Provided by SKT, Waas offers a seamless and secure platform for digital asset storage and management.
• Brevan Howard's Expertise: Access to Brevan Howard's unparalleled industry knowledge and expertise in developing digital asset strategies and offerings.

Unleashing the Power of Web3 for Financial Institutions

Aptos Ascend leverages the transformative power of Web3 to provide financial institutions with:

• Unparalleled Transaction Efficiency: Built on the lightning-fast Aptos blockchain, Aptos Ascend enables instant transactions with sub-second latency and the capacity to handle over 30,000 transactions per second (TPS).
• Smart Contract Security: The Move smart contract language and Digital Asset Controls ensure secure and verifiable smart contracts, minimizing the risk of unauthorized access and malicious attacks.
• Collaborative Ecosystem: Aptos Ascend fosters a collaborative ecosystem of partners, providing access to leading-edge technologies and expertise.
• Dedicated Support: Aptos Labs' engineering team offers dedicated support to clients, enabling seamless solution implementation and ongoing customization.

Regulatory Compliance and Scalability

Aptos Ascend is meticulously designed to meet regulatory obligations and enable scalability at the highest levels:

• Customizable Configurations: Institutions can tailor the solutions to their specific regulatory and business requirements.
• Access Controls: Granular access controls ensure compliance with regulatory mandates.
• Privacy Features: Robust privacy features safeguard sensitive account and transaction data.
• KYC and AML Compliance: Embedded features for Know Your Customer (KYC) and anti-money laundering (AML) checks enhance regulatory compliance.

Expanding the Horizons of Decentralized Finance

Aptos Ascend empowers financial institutions to unlock the transformative potential of decentralized finance through:

• Expanding Institutional Access: Institutions can seamlessly integrate digital assets into their offerings, enabling access to a broader market.
• Uncollateralized Lending: Aptos Ascend opens up the potential for uncollateralized lending, enhancing financial inclusion and liquidity.
• Global Asset Liquidity: The global reach of Aptos Ascend facilitates the seamless flow of tokenized assets across borders, unlocking new investment opportunities.

A Strategic Alliance for Innovation

The strategic partnership between Aptos Labs, Microsoft, Boston Consulting Group, Brevan Howard, and SK Telecom represents a commitment to innovation and excellence in the financial services industry.

"Global institutions demand the highest levels of compliance, security, trust, and innovation to effectively serve their customers," said Mo Shaikh, Co-Founder and CEO of Aptos Labs. "Through our collaboration, Aptos Ascend empowers financial institutions with a gateway to decentralized finance that will drive the future of the industry."

"We are thrilled to support Aptos and the Ascend Project in their pursuit of leveraging AI and distributed ledger technologies to transform financial services," said Adrian Crockett, GM and Head of Product for Microsoft Cloud for Financial Services.

"Aptos Ascend has the potential to revolutionize the industry by bringing together the strengths of traditional finance and Web3," said Gautam Sharma, CEO and CIO of Brevan Howard Digital.

"With the increasing trend towards tokenization in traditional finance, Aptos Ascend sets the stage for a new era of innovation," said Oh Se-hyeon, Vice President and Head of Web3 CO at SKT.

Empowering the Future of Finance

Aptos Ascend is poised to revolutionize digital asset management for global financial institutions. Its regulatory compliance, scalability, and comprehensive solutions empower institutions to embrace the transformative potential of Web3 while meeting the highest standards of security and trust.

For more information and to explore the transformative possibilities of Aptos Ascend, visit https://aptosascend.com/.

Contact:

Brian Principato
Aptos Labs
briannprincipato@gmail.com
7033891211