Aptos Labs, a leading developer of blockchain frameworks, has strategically partnered with various businesses to launch Aptos Ascend, a digital asset management platform tailored for financial institutions.

Leveraging Microsoft Azure and Azure OpenAI Service, it aims to enhance generative AI applications. Additionally, it will utilize Brevan Howard’s market expertise and SK Telecom’s web3 technology for digital currency solutions. Collaborating with Boston Consulting Group, Aptos aims to provide decentralized finance solutions and boost tokenized asset liquidity.

Co-Founder and CEO Mo Shaikh highlights the importance of compliance and safety for international institutions. Through partnerships with SK Telecom, Brevan Howard, and Microsoft, Aptos Ascend offers a secure pathway to decentralized finance for global institutions and tech-oriented markets. Furthermore, Aptos Labs previously partnered with Microsoft to develop digital payment solutions.

With headquarters in Palo Alto, California, the company's conventional token, APT, is currently trading at $9.19, ranking 26th with a market capitalization of $3.9 billion.