Latest news with #AptosLabs
Crypto Insight
23-07-2025
- Business
- Crypto Insight
Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec
Real-world asset (RWA) tokenization is rapidly emerging as one of Wall Street's most promising innovations, and with the recent passage of pro-industry legislation, particularly the US GENIUS Act, growth in the sector is poised to accelerate, according to Aptos Labs' newly appointed chief business officer, Solomon Tesfaye. In a conversation with Cointelegraph ahead of the landmark passage of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, Tesfaye emphasized the legislation's appeal to institutional players increasingly signaling intent to enter the crypto space. 'We're seeing more open dialogue between policymakers and Web3 leaders that is shaping legislation and giving institutions more confidence to commit to longer digital asset roadmaps,' Tesfaye said. 'More specifically, the GENIUS Act is one of the strongest signals that Congress is ready to support responsible blockchain innovation.' Following some political holdouts during the Republicans' 'crypto week,' the US House of Representatives passed the GENIUS Act, along with two other crypto-related bills, last Thursday. The legislation, which establishes a regulatory framework for the $260 billion stablecoin market, was signed into law by US President Donald Trump on Friday. While stablecoins are often excluded from RWA industry metrics, many are backed by government bonds and other tangible assets, effectively classifying them as RWAs. Stablecoins are also widely regarded as a key on-ramp for tokenization's future growth, offering predictability, lower transaction costs, greater liquidity and a bridge between traditional finance and decentralized finance (DeFi). According to Tesfaye, a favorable regulatory environment in the US will be a major catalyst for the continued evolution and adoption of tokenized assets. RWA growth beyond private credit, US Treasury debt To date, much of the growth in tokenized assets has been concentrated in private credit and US Treasury debt. According to a recent report co-authored by RedStone, Gauntlet and private credit made up nearly 60% of the RWA market as of June, with tokenized US Treasurys comprising the second-largest segment at approximately 28%. 'The initial adoption of tokenization has been centered on bringing legacy financial assets onto modern digital rails, and treasuries and private credit are perfect starting points. Onchain, they settle faster, trade easier, and can easily be fractionalized,' said Tesfaye, adding: 'Looking ahead, it's not hard to imagine a future where RWAs expand into more complex asset classes like derivatives, IP or esoteric asset classes. As the financial infrastructure matures, it won't just be about access or efficiency. It will be centered on unlocking entirely new financial products and global participation.' Aptos is emerging as a hub for RWA activity. As Cointelegraph recently reported, the value of tokenized RWAs on the Aptos blockchain eclipsed $540 million in late June, led by issuers such as Berkeley Square of the PACT Consortium and BlackRock's BUIDL, which expanded to Aptos less than a year ago. Source:
Yahoo
11-07-2025
- Business
- Yahoo
Aptos' APT Jumps as Much as 9% as Crypto Markets Explode Higher
Aptos's APT gained as much as 9% in the last 24 hours as crypto markets surged higher. Strong support was established at $4.57 with high-volume confirmation during the bounce, according to CoinDesk Research's technical analysis model. Technical targets point to $5.20 from $4.57 base, the model showed, with resistance at the $5.03 level. Aptos Labs named Solomon Tesfaye as Chief Business Officer for institutional partnerships, the company said in a tweet on X on Thursday. The rally in Aptos came as the wider crypto market also rose, with the broader market gauge, the CoinDesk 20, recently up 7%. Bitcoin (BTC), the world's largest cryptocurrency, also hit a new high of $118, 739. In recent trading, APT was 8.5% higher over 24 hours, trading around $4.99. Technical Analysis: Strong support established at $4.57 with high-volume confirmation during bounce Resistance level identified at $5.03 where price reversed despite elevated volume Volume spikes exceeded 2.2 million and 3.7 million during key acceleration periods Measured move projects potential targets near $5.20 from $4.57 low Higher low at $4.89 established during consolidation phase Final hour volume exceeded 64,000 confirming bullish sentiment Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
10-07-2025
- Business
- Business Insider
Aptos Labs Expands Leadership with New Chief Business Officer
Palo Alto, United States, July 10th, 2025, Chainwire Former Head of Capital Markets Solomon Tesfaye to drive enterprise and institutional partnerships as Aptos hits new growth milestones Aptos Labs, a high-performance blockchain technology company focused on building and developing on the Aptos blockchain, announced today the appointment of Solomon Tesfaye as Chief Business Officer. He was previously Head of Capital Markets at the company. Tesfaye's appointment comes at a pivotal moment for Aptos. The Aptos network has surpassed $540 million in tokenized real-world assets. Institutional integrations have doubled since the start of 2025, and greater regulatory clarity in the US around tokenization of assets is expected to further accelerate adoption. Together, these developments mark a critical inflection point for institutional engagement.. Solomon brings a strong track record in capital markets, led Aptos' real world asset strategy and has played a key role in building relationships with major financial and technology firms, like Blackrock, Franklin Templeton, and Apollo. Over the past ten years, he has held senior roles at the intersection of investment banking, venture capital, and the tokenization of real-world assets, working across a broad range of asset classes globally. He initially joined Aptos Labs to lead its capital markets initiatives. Additionally, during his tenure, he built key relationships with asset managers seeking to launch Aptos-linked exchange-traded products in Europe, U.S. spot ETFs, and other crypto-linked products. In this new role, Solomon will focus on: Drive Aptos adoption and expansion globally through partnerships with institutions and other market participants within fintech, payments, trading, and asset management Shape Aptos's competitive positioning in the global blockchain ecosystem by navigating regulatory landscapes, leading strategic alliances, advancing business initiatives, and contributing to industry thought leadership Leading efforts to align product offerings with market demand and manage digital asset strategies for scalable business impact Identify and lead initiatives that open new markets and use cases 'Solomon has been critical in shaping our Global Trading Engine vision, and forging the partnerships that will help make it a reality,' said Avery Ching, Co-Founder and CEO at Aptos Labs. 'As CBO, he'll be key to scaling that work, bringing more institutions, markets, and real-world use cases onto Aptos as global web3 adoption continues to accelerate.' 'It's a privilege to take on this role at such a pivotal moment, as regulatory clarity and market momentum align. With the U.S. nearing the completion of frameworks for next-generation financial services, Aptos Labs is well-positioned to lead the shift to on-chain assets and help shape the infrastructure of tomorrow's global markets,' said Solomon Tesfaye, Chief Business Officer at Aptos Labs. 'I'm excited to forge the partnerships and integrations that institutions and other market participants need to fully harness Aptos' tokenization capabilities at scale.' About Aptos Aptos is a next-generation Layer 1 blockchain. Aptos' breakthrough technology, scalable infrastructure and user safeguards are designed to power the next generation of financial systems by offering unparalleled high throughput and low latency that can scale to billions of users. Aptos Labs is dedicated to creating network tooling and seamless usability for users of the Aptos network, a next-generation high-performance public Layer 1 blockchain. Aptos Labs is backed by top-flight investors including a16z, Katie Haun, Apollo Global Management Dragonfly, PayPal Ventures, and Franklin Templeton Investments, among others.
Business Insider
02-07-2025
- Business
- Business Insider
Aptos Labs and Yellow Card Partner to Bring Instant, Zero-Fee Stablecoin Transfers Across Africa
Aptos Labs and Yellow Card Partner to Bring Instant, Zero-Fee Stablecoin Transfers Across Africa Aptos integration enables seamless, low-cost USDT and USDC trading for Yellow Card customers in 20 African countries Aptos Labs and Yellow Card have launched instant, gas-sponsored stablecoin transfers across 20 African countries, giving millions of customers faster, more affordable access to USDT and other stablecoins supported by Yellow Card. During this campaign, all transfers on the Aptos network will settle instantly with sponsored gas fees, enabling frictionless payments for everything from cross-border transfers to daily purchases. Stablecoin adoption is accelerating across Africa, fueled by practical, everyday use cases like small business payments, treasury management, and cross-border transfers. Today, Sub-Saharan Africa now leads globally in stablecoin usage, with over 54 million digital asset customers across the continent, according to Yellow Card research, a clear signal that users are seeking faster, cheaper, and more stable alternatives to traditional financial systems. With this integration, Yellow Card customers can move stablecoins instantly, without high fees or long delays. Whether it's a small-to-medium sized business managing cross-border payroll, a financial institution facilitating high-volume transfers, or a family receiving support from relatives overseas, customers can access sub-second transaction finality and zero gas fees. Built for mobile-first, high-volume markets, Aptos delivers the speed, scale, and affordability needed to power the next generation of real-world payments across Africa. "We're excited to support Yellow Card in bringing millions of users seamless access to USDT and USDC across 20 countries," said Alex Heuer, Head of Payments at Aptos Labs. "Africa is leading the way in stablecoin adoption for practical use cases, and our zero-fee, instant settlement capabilities are perfectly suited to meet this demand.' This initiative builds on Aptos' integration of the largest stablecoins by market capitalization, Tether's USDT, Circle's USDC and USDe, expanding the network's role in global payments infrastructure. In 2024, global stablecoin transfer volume reached $27.6 trillion, surpassing the combined annual volume of Visa and Mastercard. 'We're thrilled to partner with Aptos Labs to bring instant, zero‑fee stablecoin transfers across 20 African countries," said Gillian Darko, Chief of Staff and Director of Strategy of Yellow Card. 'As demand for stablecoins continues to grow across the continent, cost‑effective and frictionless transactions are critical - and that's exactly what this partnership delivers. By eliminating gas fees and enabling instant settlement on the robust, next‑generation Layer 1 Aptos network, we're empowering millions to access faster, more affordable USDT and other stablecoins for everything from cross‑border transfers to everyday purchases. This is a major step forward in advancing financial inclusion and stability across Africa'. Aptos' architecture is purpose-built to support real-time, high-volume stablecoin transactions. With sub-second finality, extremely low fees, and throughput consistently above 11,000 TPS in production, it offers the performance needed to move stablecoins from niche use cases into everyday payments, especially in high-demand regions like Africa. As stablecoins evolve into critical payment infrastructure, Aptos' scalable design, developer tooling, and support for advanced features like parallel execution and account abstraction make it one of the few blockchains capable of powering instant, cost-effective transactions at scale. To get started, users can visit Yellow Card or learn more at Aptos. Aptos is a next-generation Layer 1 blockchain. Aptos' breakthrough technology, scalable infrastructure and user safeguards are designed to power the next generation of financial systems by offering unparalleled high throughput and low latency that can scale to billions of users. About Aptos Labs Aptos Labs is dedicated to creating network tooling and seamless usability for users of the Aptos network, a next-generation high-performance public Layer 1 blockchain. Aptos is backed by top-flight investors including a16z, Katie Haun, Apollo Global Management Dragonfly, PayPal Ventures, and Franklin Templeton Investments, among others. About Yellow card Yellow Card is the largest and first licensed Pan-Africa stablecoin-based infrastructure provider, operating in 20 countries across the continent and in the emerging markets. Their mission is to empower the African continent by making it easy for individuals and businesses of all sizes to make international payments, protect their financial assets, manage their treasury function, and access hard currency liquidity. Leveraging the power of stablecoins pegged 1:1 to the U.S. dollar (e.g. USDC, USDT, and PYUSD), they deliver their innovative solutions through their commercial trading function, their B2B products (i.e. their payments API and 'widget'), and their retail and small business platform.
Crypto Insight
25-06-2025
- Business
- Crypto Insight
Aptos Labs, Jump Crypto launch Web3 cloud storage layer
Aptos Labs and Jump Crypto have introduced a cloud-based storage network tailored for Web3 and decentralized applications — a system its creators say rivals traditional cloud services. Unveiled on Tuesday, the network — called Shelby — is a globally distributed platform powered by Aptos' high-throughput technology. It is chain-agnostic, offering compatibility with Ethereum, Solana and other major blockchains. Shelby is built for developers who need cloud-like speed and remote access for demanding use cases, including streaming video, artificial intelligence and decentralized physical infrastructure (DePIN) applications. Aptos Labs is the creator of the Aptos blockchain, which is recognized for its emphasis on scalability and performance. Jump Crypto, the digital asset division of Jump Trading Group, is actively engaged in venture investing and developing blockchain and crypto-native projects. Shelby is launching in a highly competitive cloud marketplace, which is dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud. Pranav Raval, Aptos' engineering lead, told Cointelegraph that Shelby offers similar performance to leading cloud platforms, but gives developers the ability to 'retain ownership, control pricing and program business logic at the protocol level.' AI workloads boost demand for data storage Raval was asked about the role of cloud services in supporting AI workloads, particularly in light of the massive data storage requirements and growing need for data center infrastructure. Citing International Energy Agency data, S&P Global recently reported that global data center power demand is projected to double by 2030. These rising data demands fuel the need for scalable, efficient storage solutions, placing increased pressure on cloud platforms to keep up. 'When data is activated, it builds new worlds and powers new economics, creativity, and coordination,' said Raval, adding: 'For AI, that means AI agents aren't just smart, they're connected to live, contextual data anytime, anywhere. AI data marketplaces hosted on Shelby empower builders to train models faster, using relevant data streamed in as needed.' Source:
