Blockchain infrastructure developer Aptos Labs has partnered with major technology and financial firms to create the institutional platform Aptos Ascend.
The new service will be based on Microsoft Azure, utilizing the large language model Azure OpenAI Service. Aptos Ascend will also leverage the expertise of investment firm Brevan Howard to advise financial institutions offering digital asset management services to clients. Additionally, SK Telecom’s Web3 technologies, including wallet-as-a-service features, are expected to be employed.
Aptos Labs has also engaged Boston Consulting Group as a consulting partner. The institutional platform aims to popularize decentralized finance among large investors using the Aptos network. One of the key objectives is to increase the liquidity of tokenized assets on a global scale.
Aptos began its collaboration with Microsoft to implement Web3 solutions in the middle of last year.
In late March, the price of APT surpassed $18, approaching an all-time high.
In February, Aptos Foundation, in partnership with Jambo Technology, launched a Web3 smartphone for emerging markets.
