Boston Consulting Group (BCG) will be Aptos Labs’ preferred consulting partner, leveraging its global expertise in decentralized finance, digital assets and artificial intelligence to collaborate with companies to implement solutions. As one of the world’s leading management consultancies, BCG has a strong track record of delivering and implementing large-scale digital transformations for leading financial institutions.
“With a growing trend of tokenization in traditional finance, we expect the partnership to create a strong innovation model in the future financial market,” said Oh Se-hyeon, vice president and head of Web3 CO at SKT. “Based on SKT’s trusted KYC/authentication business expertise, T wallet (Wallet as a Service) aims to provide a stable platform for various cryptocurrency services to be provided with high reliability and security.”
“Global institutions require higher levels of compliance, security, trust and innovation to serve customers, operate across borders and comply with regulations at every level,” he said
“We see tremendous opportunity at the intersection of artificial intelligence and distributed ledger technologies and are pleased to support Aptos and others Ascent Project as they apply these technologies to financial services,” he says
“We continue to have strong beliefs in the positive impact that the application of Web3 and blockchain technology will have on the financial services industry,” he said
In addition to bringing traditional finance giants, innovative fintech partners, money market platforms and global investment firms to Web3, Aptos Ascend will enable organizations to:
- Unlock unprecedented transaction efficiency with the Aptos blockchain with industry-leading sub-second latency, engineered at scale to achieve more than 30,000 transactions per second (TPS).
- It uses the Move smart contract language and digital asset controls, which provide secure asset management, privacy options and formal verification of smart contracts, significantly reducing the risk of cyber attacks.
- Work with like-minded partners to build a broad ecosystem from the start to deliver scalability from day one and encourage adoption.
- Further explore financial services solutions with dedicated support from Aptos Labs’ engineering team to develop additional functions and features as needed.
The institution-ready end-to-end financial suite will use Microsoft Azure and the Azure OpenAI service, with
- In expansion decentralized institutional capital finance.
- Unlock the unsecured loan market for Web3.
- Unlock the liquidity of tokenized assets on a global scale.
Aptos Ascend is designed to help regulated institutions around the world meet their obligations to customers, regulators and other stakeholders. Additionally, Aptos Ascend includes unprecedented customizable configurations to meet specific business and regulatory requirements, including:
- Access controls to help institutions meet regulatory requirements.
- Controls over what types of transactions are allowed and which entities can control what types of transactions.
- Tools to maintain account and transaction privacy.
- Built-in features for Know Your Customer (KYC) and anti-money laundering (AML) checks and other regulatory considerations.
From SK Telecom
SK Telecom has been driving the growth of the mobile industry since 1984. Now it is taking customer experience to new levels by extending beyond connectivity. By placing artificial intelligence at the center of its business, SK Telecom is rapidly transforming into an AI company with a strong global presence. It is focusing on driving innovations in the fields of AI infrastructure, AI transformation (AIX) and AI services to bring greater value to industry, society and life.
For further information, contact skt_press@sk.com or visit our LinkedIn page www.linkedin.com/company/sk-telecom.
Aptos network
Aptos is a next-generation Layer 1 blockchain. Aptos’ revolutionary technology and programming language, Move, are designed to evolve, improve performance and strengthen user protections. Visit https://www.aptosfoundation.org to learn more about the Aptos blockchain.
From Aptos Labs
Aptos Labsco-founded by