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

Odaily Planet Daily reported that Aptos Labs announced today the appointment of former Head of Capital Markets, Solomon Tesfaye, as Chief Business Officer (CBO). He will be responsible for driving on-chain innovation in global markets, payment infrastructure, and enterprise-grade systems, as well as deepening institutional partnerships. Solomon has played a key role in expanding Aptos’s institutional business, having led Aptos’s preparations for a US spot ETF and established collaborations with leading global fintech companies. Going forward, he will continue to advance market development and application scenarios in key areas such as RWA, stablecoins, and payments. Currently, the scale of RWA on the Aptos chain has surpassed $540 million, ranking it among the world’s top three public blockchains. With new US tokenization regulations set to be introduced and ongoing in-depth dialogue with policymakers, institutional adoption of on-chain finance is expected to further increase.