"PACT Brings $1B to Aptos, Expanding Financial Access Worldwide"

The PACT Protocol, a decentralized lending and securitization platform, has announced its launch on the Aptos Network. This move brings over $1 billion in on-chain assets to Aptos and expands financial access to underserved communities worldwide.

The PACT Protocol, incubated for nine months in collaboration with the Aptos Foundation, enables licensed lenders in emerging economies to access fully on-chain lending and securitization infrastructure on the high-performance Aptos blockchain. This partnership aims to revolutionize global finance, particularly in emerging markets where traditional banking services are inaccessible to 85% of the world's population.

By debuting on Aptos, PACT helps lenders originate, securitize, and service loans more efficiently, ensuring a transparent, effective, and scalable financial environment for borrowers, originators, and institutional investors. The Aptos Foundation's incubation experiment supports and scales high-impact blockchain ventures, with PACT as its inaugural partner. Aptos Labs provided technical and strategic advice for the collaboration.

Ash Pampati, Head of Ecosystem at Aptos, expressed enthusiasm about the partnership: "This 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, stated: "PACT's integration with Aptos provides a transparent and scalable solution that reduces costs and expands credit opportunities for underserved communities worldwide."

PACT selected Aptos for its institutional-grade architecture, scalability, and adoption by the finance industry. Aptos guarantees smooth credit flows while preserving security and dependability with its Move programming language, which supports native USDC and USDT, has high-profile interfaces, and can handle large transaction volumes with little expense. BitGo, the preferred security and operational backbone for over 1,500 institutional clients across 50 countries, is used by the PACT Protocol for custody and compliance.

Thanks to the PACT Protocol, Fintech lenders, institutional investors, and capital market players can issue, manage, and securitize loans directly on-chain, lowering costs and increasing access to international credit markets. PACT has quickly expanded into one