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

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 company continues to expand its presence and influence in the blockchain ecosystem. Tesfaye, who previously served as the Head of Capital Markets at Aptos, brings a wealth of experience in capital markets and a proven track record in building relationships with major financial and technology firms.

Tesfaye's appointment is timely, as the Aptos network has achieved significant milestones. The network has surpassed $540 million in tokenized real-world assets, and institutional integrations have doubled since the start of 2025. Additionally, greater regulatory clarity in the US around the tokenization of assets is expected to further accelerate adoption, marking a critical inflection point for institutional engagement.

In his new role, 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. Furthermore, he 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.

Tesfaye's extensive experience in capital markets, investment banking, venture capital, and the tokenization of real-world assets makes him an ideal fit for this role. He has worked across a broad range of asset classes globally and has built key relationships with asset managers seeking to launch Aptos-linked exchange-traded products in Europe, U.S. spot ETFs, and other crypto-linked products. His leadership will be crucial in scaling Aptos' work and bringing more institutions, markets, and real-world use cases onto the Aptos platform as global web3 adoption continues to accelerate.

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 in Tesfaye's ability to scale this work and bring more institutions, markets, and real-world use cases onto Aptos as global web3 adoption continues to accelerate.

Tesfaye himself expressed excitement about taking on this role at such a pivotal moment, as regulatory clarity and market momentum align. He emphasized 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 Labs is dedicated to creating network tooling and seamless usability for users of the Aptos network, a next-generation high-performance public Layer 1 blockchain. The company is backed by top-flight investors including a16z, Katie Haun, Apollo Global Management Dragonfly, PayPal Ventures, and Franklin Templeton Investments, among others. Aptos' breakthrough technology, scalable infrastructure, and user safeguards are designed to power the next generation of financial systems by offering unparalleled high throughput and low latency that can scale to billions of users.