Aptos Labs Appoints Solomon Tesfaye as CBO to Drive Global Growth

Aptos Labs has made a strategic move by appointing Solomon Tesfaye as its new Chief Business Officer (CBO). Tesfaye, who previously held the position of head of capital markets, will now lead the charge in expanding Aptos’s global business operations. His role will focus on driving innovation in payment infrastructure and enterprise-grade on-chain systems, which will enhance Aptos’s collaboration with institutional partners and reinforce its leadership in the realms of Real-World Assets (RWA) and stablecoins.

This appointment comes at a critical juncture for Aptos, as the platform transitions into a growth phase. Aptos’s on-chain RWA assets have surpassed $540 million, placing it among the top three public blockchains globally. This significant milestone underscores the platform’s growing influence and its ability to attract substantial institutional interest. As regulatory frameworks around US token policies continue to evolve, Aptos is actively engaging with policymakers to ensure its solutions align with institutional demands for robust on-chain finance solutions.

Solomon Tesfaye brings a wealth of experience in institutional business development to his new role. His previous contributions, including his instrumental role in the preparations for US spot ETFs and fintech partnerships, will be invaluable in advancing Aptos’s market penetration. Tesfaye’s focus will be on expanding use cases in RWA, stablecoins, and payment systems, further solidifying Aptos’s position as a leading global financial infrastructure provider on the blockchain.