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Aptos Labs Appoints First Chief Business Officer to Strengthen RWA and Stablecoin Market Position

Summary: In breaking news, Aptos Labs announced today the appointment of former capital markets executive Solomon Tesfaye as Chief Business Officer (CBO), tasked with driving on-chain innovation in global markets, payment infrastructure, and enterprise systems, deepening institutional partnerships, and further enhancing Aptos' advantage in the RWA and stablecoin sectors to accelerate global business expansion. Solomon played ...

In breaking news, Aptos Labs announced today the appointment of former capital markets executive Solomon Tesfaye as Chief Business Officer (CBO), tasked with driving on-chain innovation in global markets, payment infrastructure, and enterprise systems, deepening institutional partnerships, and further enhancing Aptos' advantage in the RWA and stablecoin sectors to accelerate global business expansion. Solomon played a key role in expanding Aptos' institutional business development, leading the preparation for Aptos' US spot ETF and establishing deep collaborations with top global fintech companies. In the future, he will continue to drive market and application scenarios in key areas such as RWA, stablecoins, and payments. Currently, Aptos' on-chain RWA scale has exceeded $540 million, ranking among the top three public chains globally. With new US tokenization regulations on the horizon and ongoing dialogues with policymakers, institutional adoption of on-chain finance is expected to further increase.

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