Aptos Strikes DeFi Partnership With Microsoft, Brevan Howard, SK Telecom

Aptos Labs, the developers behind the Aptos layer-1 blockchain, said it is collaborating with Microsoft, Brevan Howard and South Korean wireless telecommunications operator SK Telecom to offer institutions a gateway into decentralized finance. The partnership will offer Aptos Ascend, a suite of end-to-end institutional solutions like regulatory requirement help, tools to maintain account and transaction privacy and embedded features for know-your-customer (KYC) checks. Microsoft Azure and Azure OpenAI services will be used for the financial suite offering, according to a press release. Aptos Labs was founded by former Meta employees.

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