Aptos Labs Makes Power Move: Appoints New Chief Business Officer to Fuel Web3 Ambitions

Aptos just stacked its C-suite—again. The Layer-1 contender taps a heavyweight exec to drive partnerships and adoption as it battles for blockchain supremacy.

Who’s joining the fight?

The unnamed hire (classic crypto opacity) steps into a high-stakes role: monetizing Aptos’ tech while rivals like Solana and Sui eat up market share. Prior gigs likely include biz-dev at a Fortune 500 or a failed DeFi project—this is Web3, after all.

Why it matters

Leadership shuffles signal growth… or desperation. With Aptos’ token still 60% below ATH, this smells like a ‘prove it’ moment. Another ‘business officer’ won’t fix broken tokenomics—but hey, at least VCs get a fresh face to pitch.

Bottom line: Aptos is buying optionality. Whether that translates to actual revenue (lol) or just another corporate title in the metaverse remains to be seen.

, a high-performance blockchain technology company focused on building and developing on the Aptos blockchain, announced today the appointment of Solomon Tesfaye as Chief Business Officer. He was previously Head of Capital Markets at the company.

Tesfaye’s appointment comes at a pivotal moment for Aptos. The Aptos network has surpassed $540 million in tokenized real-world assets. Institutional integrations have doubled since the start of 2025, and greater regulatory clarity in the US around tokenization of assets is expected to further accelerate adoption. Together, these developments mark a critical inflection point for institutional engagement..

Solomon brings a strong track record in capital markets, led Aptos’ real world asset strategy and has played a key role in building relationships with major financial and technology firms, like Blackrock, Franklin Templeton, and Apollo. Over the past ten years, he has held senior roles at the intersection of investment banking, venture capital, and the tokenization of real-world assets, working across a broad range of asset classes globally. He initially joined Aptos Labs to lead its capital markets initiatives. Additionally, during his tenure, he built key relationships with asset managers seeking to launch Aptos-linked exchange-traded products in Europe, U.S. spot ETFs, and other crypto-linked products.  

• Drive Aptos adoption and expansion globally through partnerships with institutions and other market participants within fintech, payments, trading, and asset management
• Shape Aptos’s competitive positioning in the global blockchain ecosystem by navigating regulatory landscapes, leading strategic alliances, advancing business initiatives, and contributing to industry thought leadership
• Leading efforts to align product offerings with market demand and manage digital asset strategies for scalable business impact
• Identify and lead initiatives that open new markets and use cases

“Solomon has been critical in shaping our Global Trading Engine vision, and forging the partnerships that will help make it a reality,” said Avery Ching, Co-Founder and CEO at Aptos Labs. “As CBO, he’ll be key to scaling that work, bringing more institutions, markets, and real-world use cases onto Aptos as global web3 adoption continues to accelerate.”

“It’s a privilege to take on this role at such a pivotal moment, as regulatory clarity and market momentum align. With the U.S. nearing the completion of frameworks for next-generation financial services, Aptos Labs is well-positioned to lead the shift to on-chain assets and help shape the infrastructure of tomorrow’s global markets,” said Solomon Tesfaye, Chief Business Officer at Aptos Labs. “I’m excited to forge the partnerships and integrations that institutions and other market participants need to fully harness Aptos’ tokenization capabilities at scale.”

Aptos is a next-generation LAYER 1 blockchain. Aptos’ breakthrough technology, scalable infrastructure and user safeguards are designed to power the next generation of financial systems by offering unparalleled high throughput and low latency that can scale to billions of users.

Aptos Labs is dedicated to creating network tooling and seamless usability for users of the Aptos network, a next-generation high-performance public Layer 1 blockchain. Aptos Labs is backed by top-flight investors including a16z, Katie Haun, Apollo Global Management Dragonfly, PayPal Ventures, and Franklin Templeton Investments, among others.