"PACT Protocol Brings $1B in On-Chain Assets to Aptos, Expanding Global Credit Access"

PACT Protocol, a pioneering on-chain lending and securitization platform, has launched on the Aptos Network, bringing over $1 billion in on-chain assets to the high-performance blockchain. This strategic move follows nine months of collaboration with the Aptos Foundation and strategic consultation from Aptos Labs.

PACT Protocol enables licensed lenders in emerging markets to originate, securitize, and service loans more efficiently, ensuring transparency, scalability, and affordability for borrowers, originators, and institutional investors. By launching on Aptos, PACT is expanding access to credit in underserved markets, making borrowing more inclusive globally.

Ash Pampati, Head of Ecosystem at Aptos, expressed enthusiasm about the partnership, stating, "This partnership is expanding financial access to those who need it most– users who live in emerging markets across the globe. I’m thrilled to see the impact it will have on the Aptos ecosystem and beyond."

Solomon Tesfaye, Head of Capital Markets at Aptos Labs, who provided strategic consultation for the partnership, commented, "PACT’s integration with Aptos provides a transparent and scalable solution that reduces costs and expands credit opportunities for underserved communities worldwide."

PACT chose Aptos for its institutional-grade infrastructure, scalability, and adoption in the financial sector. Aptos supports native USDC and USDT, has high-profile integrations, and can process high transaction volumes with low fees, ensuring seamless credit flows while maintaining security and reliability through its Move programming language. PACT Protocol utilizes BitGo for custody and compliance, the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries.

Joshua March, President of Pact Labs, the technology and infrastructure provider behind the PACT Protocol, said, "PACT’s transition to Aptos unlocks greater efficiency, broader institutional adoption, and real-world financial impact. With Aptos, we’re driving new levels of scalability, security, and speed, fundamentally transforming how credit markets operate on-chain."

The PACT Protocol enables fintech lenders, institutional investors, and capital market participants to issue, manage, and securitize loans directly on-chain, reducing costs and expanding access to global credit markets. All existing PACT holders will have the opportunity to migrate their tokens to Aptos