Aptos Labs and Microsoft Collaborate to Develop Institutional-Grade Digital Asset Platform Aptos Ascend

According to BlockBeats, on April 18, The Block reported that Aptos Labs has established a new partnership with Microsoft, Brevan Howard, SK Telecom and Boston Consulting Group to develop Aptos Ascend, a digital asset management platform for financial institutions. The institutional platform aims to expand decentralized finance to institutional capital through the Aptos network and increase tokenized asset liquidity globally. Aptos Ascend is a digital asset management platform for financial institutions. The product will use Microsoft Azure (a cloud computing platform) and Azure OpenAI services (a large language model that can support generative artificial intelligence applications). Aptos Ascend will also use Brevan Howard's market investment expertise to guide financial institutions to provide digital currency and asset management services to customers, as well as SK Telecom's Web3 technology, such as wallet-as-a-service capabilities.