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Aptos Labs collaborates with Microsoft, Brevan Howard and SK Telecom to bring global institutional finance on-chain with Aptos Ascend

Aptos Labs collaborates with Microsoft, Brevan Howard and SK Telecom to bring global institutional finance on-chain with Aptos Ascend

Washington, United States, April 18th, 2024, Chainwire

Aptos Ascend, powered by Microsoft Azure OpenAI and implemented in consultation with Boston Consulting Group, to enable regulatory-compliant digital asset management at scale for financial institutions with global reach.

Aptos Labs today announced a collaboration with Microsoft, Brevan Howard, and SK Telecom (SKT) to deliver to the global financial market Aptos Ascend, a suite of end-to-end institutional solutions including a permissioned network and Digital Asset Controls powered by SKT’s Wallet-as-a-Service product and the scalable, secure Aptos blockchain. Aptos Ascend will also tap Brevan Howard’s industry leadership and expertise to develop a seamless path for any major bank or financial institution to begin offering digital currency and asset management to their clients responsibly and at scale.

Boston Consulting Group (BCG) will be Aptos’ Labs preferred consulting partner, leveraging its global expertise in decentralized finance, digital assets, and AI to work with companies to implement the solutions. As one of the world’s leading management consulting firms, BCG has a strong track record in delivering and implementing large-scale digital transformations for major financial institutions.

“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 Mo Shaikh, Co-Founder & CEO of Aptos Labs. “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.”

“We see a tremendous opportunity at the intersection of AI and distributed ledger technologies and are pleased to support Aptos and the Ascend Project as they apply these technologies in financial services,” says Adrian Crockett, GM & Head of Product, Microsoft Cloud for Financial Services.

“We continue to have high conviction in the positive impact that the application of Web3 and blockchain technology will have on the financial services industry,” said Gautam Sharma, CEO & CIO of Brevan Howard Digital. “It is still early days, and we are pleased to support…

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