Aptos (APT), one of the popular altcoins, is frequently mentioned with its corporate partnerships. At this point, Aptos Labs announced that it has established new partnerships with Microsoft, Brevan Howard, SK Telecom and Boston Consulting Group to develop Aptos Ascend.
Accordingly, Aptos Ascend, a digital asset management platform for financial institutions, will use Microsoft Azure, Microsoft's cloud computing platform, as well as the Azure OpenAI Service.
Aptos Ascend will also utilize the expertise of SK Telecom and Brevan Howard, as well as financial institutions that offer digital currency and asset management services to clients, The Block reported.
Aptos Labs co-founder and CEO Mo Shaikh stated the following in his statement:
“Global organizations require superior levels of compliance, security, trust and innovation to serve customers, operate across borders and comply with regulations at every level.
In collaboration with SK Telecom, Brevan Howard and Microsoft, Aptos Ascend will provide the world's financial institutions, banks and high-tech money markets with a performant, compliant, secure and scalable gateway to decentralized finance that will evolve on Aptos in the coming years. “
Following the news, Aptos experienced a jump and rose to $9.74, but later gave back these gains. APT continues to trade at $9.35 at the time of writing.
*This is not investment advice.
