Giant Partnership from This Altcoin: Microsoft, Brevan Howard and SK Telecom!

Giant Partnership from This Altcoin: Microsoft, Brevan Howard and SK Telecom!
Giant Partnership from This Altcoin: Microsoft, Brevan Howard and SK Telecom!
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The cryptocurrency market continues its rollercoaster ride. Although there is uncertainty about the direction of the market for now, projects do not stop. In a recent development, Aptos Labs signed a giant partnership. The altcoin project has established new partnerships with Microsoft, Brevan Howard, SK Telecom and Boston Consulting Group. Under the partnership, Aptos will develop Ascend.

Partnership with giants from Aptos!

Aptos Labs has formed a partnership with Microsoft, Brevan Howard, SK Telecom and Boston Consulting Group. The partnership will develop Aptos Ascend, a digital asset management platform for financial institutions. The enterprise platform aims to extend decentralized finance (DeFi) to institutional capital through the Aptos Network. It also aims to increase tokenized asset liquidity globally.

Aptos Ascend is a digital asset management platform for financial institutions. Microsoft Azure and Azure OpenAI services will be available to the platform. Aptos Ascend will leverage Brevan Howard’s market investment expertise to guide financial institutions in offering digital currency and asset management services to clients. It will also utilize Web3 technology, such as SK Telecom’s wallet-as-a-service capabilities. Meanwhile, Aptos Labs has selected Boston Consulting Group as its consulting partner.

Aptos Ascend will provide a gateway to the world’s financial institutions!

With the partnership, Aptos has set its focus on extending decentralized finance to institutional capital. They also have goals to increase tokenized asset liquidity globally. Mo Shaikh, co-founder and CEO of Aptos Labs, made a statement on the subject. In this context, Shaikh shared the following comment:

Global organizations need superior levels of compliance, security, trust and innovation to serve their customers, operate across borders and comply with regulations at all levels. In collaboration with SK Telecom, Brevan Howard and Microsoft, Aptos Ascend will provide the world’s financial institutions, banks and technology-advanced money markets with a performant, compliant, secure and scalable gateway for decentralized finance on Aptos that will evolve for years to come.

Altcoin price performance

As you have been following on Kriptokoin.com, Aptos Labs also collaborated with Microsoft on August 2023. With this partnership, the altcoin project aims to develop the intersection of digital payments, tokenization and artificial intelligence with Web3.

Meanwhile, Aptos’ native token APT is in green territory, despite the market’s red outlook. The altcoin was trading at $9.37, up 3.3% on the daily chart. Also, APT has reached a trading volume of $257 million in the last 24 hours, up 67%.

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Giant Partnership from This Altcoin: Microsoft, Brevan Howard and SK Telecom!