On July 10th, according to official sources, Aptos Labs announced today the appointment of Solomon Tesfaye, former head of capital markets, as Chief Business Officer (CBO). He will be responsible for driving global market innovation, payment infrastructure, and enterprise-level on-chain systems, deepening institutional collaboration, and further strengthening Aptos's leading position in RWA and stablecoin domains while accelerating global business expansion.
The establishment of this new position marks Aptos entering a new growth phase, continuously promoting the implementation and application of a global transaction engine. Currently, Aptos's on-chain RWA scale has exceeded $540 million, ranking among the top three public chains globally. With the upcoming US token regulation and ongoing in-depth dialogues with policymakers, institutional expectations for on-chain finance are anticipated to further increase.
Solomon has played a crucial role in expanding Aptos's institutional business development, previously leading the preparation work for the US spot ETF and establishing deep collaborations with top global fintech enterprises. Moving forward, he will continue to drive market and application scenarios in key areas such as RWA, stablecoins, and payments, consistently consolidating Aptos's position as a global leader in financial infrastructure on-chain.
