Bittime - Aptos Labs, a blockchain startup and developer of APT tokens, announced a partnership with Microsoft, a giant technology company from the United States.
Against the backdrop of Diem's defunct blockchain development, Aptos Labs today revealed strategic partnerships with some of the biggest names in the technology and finance industry to launch Aptos Ascend, a digital asset management platform designed to meet the needs of modern financial institutions.
Innovation of Large-Scale Digital Asset Transactions
Aptos Labs, which operates as a Layer 1 blockchain, delivers technology that enables trading and transactions of digital assets at scale. The platform is built to compete with other blockchain ecosystems such as Ethereum, which is known as the second largest blockchain by market cap.
Aptos Ascend offers a suite of solutions for institutional finance, including licensed digital asset control that leverages tokenization and advanced security with blockchain technology.
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Purpose of Partnership with Microsoft
In an effort to build Aptos Ascend, Aptos Labs teamed up with Microsoft Corp., SK Telecom Co. Ltd., and Brevan Howard, a leading hedge fund management firm. The collaboration aims to integrate various technologies to create a solid blockchain institutional service.
Microsoft Azure and Azure OpenAI Services will be used to deliver artificial intelligence capabilities, while Brevan Howard will contribute international investment and market expertise.
Regulatory Compliance
SK Telecom's licensed blockchain wallet technology will ensure fast business operations and compliance with regulations, including "Know Your Customer" (KYC) and anti-money laundering measures required by local governments. This allows financial institutions to operate with confidence that they remain compliant with applicable regulations.
Mo Shaikh, co-founder and CEO of Aptos Labs, emphasized the importance of this collaboration, "Global institutions need superior levels of compliance, security, trust, and innovation to serve customers, operate across borders, and comply with regulations at every level. In collaboration with SKT, Brevan Howard, and Microsoft, Aptos Ascend will provide financial institutions, banks, and money markets moving forward with a performant, compliant, secure, and scalable gateway to decentralized finance."
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Choose a Consultant Partner
Boston Consulting Group Inc. was selected as a preferential consulting partner to work with customers in implementing solutions that include decentralized finance, digital assets, and artificial intelligence. This choice is based on BCG's strong track record in that area of expertise.
Aptos Labs partnered with Microsoft to develop an AI blockchain solution in August. The result of this collaboration is the beta launch of Aptos Assistant, a chatbot capable of answering questions about blockchain technology and programming in conversation. The two companies also agreed to further explore blockchain solutions involving tokenization of digital assets and decentralized finance.
Adrian Crockett, general manager and head of product at Microsoft Cloud for financial services, expressed optimism, "We see a huge opportunity at the intersection between AI and distributed ledger technology."
Financial institutions looking to work with digital asset tokens, including cryptocurrencies or tokenized securities such as stocks, will be able to use Ascend to secure their transactions by limiting them to pre-approved entities only. The platform also offers advanced confidentiality with zero-knowledge proof cryptography technology that maintains the privacy of account information.
Smart Contract Aptos
Smart contracts that can be programmed using the Aptos Move programming language allow transactions to be automatically executed when predefined conditions are met. This enables reliable processing, as well as utilizing a fully historical and auditable footprint stored on the blockchain.
Oh Se-hyeon, vice president and head of Web3 at SKT, added, "With the growing trend of tokenization in traditional finance, we hope this partnership will create a strong model for innovation in future financial markets."
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How to Buy Aptos (APT) on Bittime
You can buy and sell Aptos (APT) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Aptos (APT) is available on Bittime with the market pair APT/IDR. To be able to buy APT IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Aptos (APT) on Bittime.
Monitor the price chart movements of Aptos (APT), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
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Aptos Collaborates with Ondo Finance: Forges Strategic Efforts in RWA Tokenization
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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