Aptos Labs has announced a new partnership aimed at facilitating the transition of institutions to decentralized finance (DeFi). The development team has joined forces with technology giant Microsoft, investment firm Brevan Howard, and South Korea’s leading wireless telecommunications operator, SK Telecom.

This partnership includes a comprehensive enterprise solution package named Aptos Ascend. The package offers tools to aid regulatory requirements, protect transaction confidentiality, and conduct Know Your Customer (KYC) checks. These are supported by end-to-end solutions tailored for banks and financial institutions.

According to the press release, the financial package will be delivered with the support of Microsoft Azure and Azure OpenAI services. Microsoft’s cloud infrastructure and AI solutions are crucial in supporting the innovative financial solutions developed by Aptos Labs.

Brevan Howard will leverage its industry leadership and expertise in this partnership to develop potential opportunities that enable institutions to offer their customers digital asset management services. Additionally, the Boston Consulting Group will play a critical role in the effective implementation of the solutions.

Mo Shaikh, co-founder and CEO of Aptos Labs, stated that Aptos Ascend will provide a high-performance, compliant, secure, and scalable gateway for the world's leading financial institutions, banks, and advanced money markets. The company also announced that it has been utilizing Microsoft’s infrastructure to develop new offerings that integrate AI and blockchain technology.

It is noteworthy that Aptos Labs was founded by former Meta employees. This robust background plays a significant role in the company’s capability to develop innovative solutions. It also outlines the company's intended path in the worlds of technology and finance.

These partnerships highlight how Aptos Labs aims to lead in the enterprise DeFi space and plans to bring together technology and the financial sector.