Aptos Labs Appoints Solomon Tesfaye as Chief Business Officer to Drive Global Adoption

Aptos Labs, a leading high-performance blockchain technology company, has announced the appointment of Solomon Tesfaye as its new Chief Business Officer. This strategic move comes as the Aptos network continues to achieve significant milestones, including surpassing $540 million in tokenized real-world assets and doubling institutional integrations since the start of 2025. The appointment of Tesfaye is expected to further accelerate the adoption of the Aptos blockchain, particularly as regulatory clarity in the US around tokenization of assets improves.

Tesfaye brings a wealth of experience to his new role, having previously served as the Head of Capital Markets at Aptos Labs. His tenure at the company has been marked by a strong track record in capital markets, where he led the real-world asset strategy and built key relationships with major financial and technology firms, including Blackrock, Franklin Templeton, and Apollo. Over the past decade, Tesfaye has held senior roles at the intersection of investment banking, venture capital, and the tokenization of real-world assets, working across a broad range of asset classes globally.

In his new position, Tesfaye will focus on driving Aptos adoption and expansion globally through partnerships with institutions and other market participants within fintech, payments, trading, and asset management. He will also shape Aptos’s competitive positioning in the global blockchain ecosystem by navigating regulatory landscapes, leading strategic alliances, advancing business initiatives, and contributing to industry thought leadership. Additionally, Tesfaye will lead efforts to align product offerings with market demand and manage digital asset strategies for scalable business impact, as well as identify and lead initiatives that open new markets and use cases.

Avery Ching, Co-Founder and CEO at Aptos Labs, highlighted Tesfaye's critical role in shaping the company's Global Trading Engine vision and forging the partnerships that will help make it a reality. Ching expressed confidence that Tesfaye will be key to scaling Aptos' work, bringing more institutions, markets, and real-world use cases onto the Aptos platform as global web3 adoption continues to accelerate.

Tesfaye himself expressed excitement about taking on this role at such a pivotal moment, noting that with the U.S. nearing the completion of frameworks for next-generation financial services, Aptos Labs is well-positioned to lead the shift to on-chain assets and help shape the infrastructure of tomorrow’s global markets. He is eager to forge the partnerships and integrations that institutions and other market participants need to fully harness Aptos’ tokenization capabilities at scale.

Aptos is a next-generation Layer 1 blockchain designed to power the next generation of financial systems by offering unparalleled high throughput and low latency that can scale to billions of users. Aptos Labs, the company behind the Aptos network, is dedicated to creating network tooling and seamless usability for users of the Aptos network. The company is backed by top-flight investors including a16z, Katie Haun, Apollo Global Management, Dragonfly, PayPal Ventures, and Franklin Templeton Investments, among others.