Aptos Labs appoints its first Chief Business Officer to solidify its position in the RWA and stablecoin market.

Odaily News Aptos Labs today announced the appointment of former Capital Market head Solomon Tesfaye as Chief Business Officer (CBO), responsible for driving on-chain innovation in global markets, payment infrastructure, and enterprise-level systems, deepening institutional collaboration, and further strengthening Aptos's advantages in the RWA and stablecoin sectors, accelerating global business expansion. Solomon has played a key role in expanding Aptos's institutional business development, having led the preparations for Aptos's US spot ETF and established deep cooperation with leading 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's on-chain RWA scale has surpassed $540 million, ranking among the top three public chains globally. With new tokenization regulatory rules in the US set to be released and ongoing in-depth dialogues with policymakers, institutional adoption of on-chain finance is expected to further increase.