Aptos Labs, a blockchain tech company, has promoted Solomon Tesfaye to Chief Business Officer (CBO). Tesfaye was previously the Head of Capital Markets at Aptos.
A Growing Company
This promotion comes at a time of significant growth for Aptos. The Aptos network now boasts over $540 million in tokenized assets, and institutional partnerships have doubled since the start of 2025. Expected regulatory changes in the US are also expected to boost adoption further.
Tesfaye’s Experience and New Role
Tesfaye has a strong background in capital markets and has been instrumental in building relationships with major financial firms like BlackRock, Franklin Templeton, and Apollo. He’s worked in investment banking, venture capital, and tokenization for over a decade. At Aptos, he led the real-world asset strategy and helped develop Aptos-linked products in Europe and the US.
In his new role, Tesfaye will focus on:
- Expanding Aptos globally through partnerships.
- Improving Aptos’s position in the blockchain market by navigating regulations and forming strategic alliances.
- Aligning Aptos’s products with market needs.
- Identifying new markets and use cases for Aptos.
Leadership Comments
Aptos co-founder and CEO Avery Ching praised Tesfaye’s contributions, stating that he’ll be key to bringing more institutions and real-world use cases to the Aptos network. Tesfaye himself expressed excitement about the opportunity, highlighting the potential for growth given increased regulatory clarity and market momentum.
About Aptos and Aptos Labs
Aptos is a Layer 1 blockchain designed for high throughput and scalability. Aptos Labs builds tools and improves usability for the Aptos network. The company is backed by prominent investors including a16z, Katie Haun, and Apollo Global Management.