Aptos Labs has strategically appointed Solomon Tesfaye, former head of capital markets, as its new Chief Business Officer (CBO), signaling a pivotal expansion in its global business operations. Tesfaye will spearhead innovation in payment infrastructure and enterprise-grade on-chain systems, enhancing Aptos’s collaboration with institutional partners and reinforcing its dominance in the RWA and stablecoin sectors.
This leadership addition coincides with Aptos’s transition into a growth phase, underscored by its on-chain RWA assets surpassing $540 million, positioning the platform among the top three public blockchains worldwide. As regulatory frameworks around US token policies evolve, Aptos is intensifying its engagement with policymakers to align with institutional demands for robust on-chain finance solutions.
Solomon Tesfaye’s proven expertise in institutional business development, including his instrumental role in US spot ETF preparations and fintech partnerships, will be critical in advancing Aptos’s market penetration. His focus will remain on expanding use cases in RWA, stablecoins, and payment systems, solidifying Aptos’s status as a leading global financial infrastructure provider on blockchain.