Aptos Labs Appoints First Chief Business Officer to Strengthen its Position in the RWA and Stablecoin Markets

By: odaily.com|2025/07/10 22:06:38

Odaily News Aptos Labs announced today that it has appointed Solomon Tesfaye, formerly head of capital markets, as Chief Business Officer (CBO), responsible for promoting on-chain innovation in global markets, payment infrastructure, and enterprise-level systems, deepening institutional cooperation, further strengthening Aptos advantages in the RWA and stablecoin fields, and accelerating global business expansion. Solomon has played a key role in expanding the institutional business development of Aptos. He has led the preparation of Aptos US spot ETF and established in-depth cooperation with the worlds top financial technology companies. In the future, he will continue to promote the market and application scenarios in key areas such as RWA, stablecoins, and payments. At present, the scale of RWA on the Aptos chain has exceeded US$540 million, ranking among the top three public chains in the world. With the upcoming introduction of new US tokenization regulations and continued in-depth dialogue with policymakers, institutions expectations for the adoption of on-chain finance will be further enhanced.

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