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solo

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first_img Asset allocation platform Solomon announced that Colosseum holds SOLO

The on-chain asset economic relationship management platform Solomon announced that Colosseum, Theia, DBA, and Anagram have supported the project by holding SOLO. These institutions became holders at different stages of Solomon's development, with some participating in its public offering and others acquiring SOLO through market purchases or over-the-counter transactions, and many institutions subsequently increased their holdings.Solomon stated that the project is built around public ownership, with institutional supporters and individual holders using the same ownership and governance tokens, and jointly focusing on the long-term development of the business. As more financial assets are brought on-chain, companies need to systematically manage related revenues, incentives, and obligations, including qualification verification, payment calculations, and policies applicable across products, customers, and jurisdictions.According to reports, issuers and applications can configure revenues, rewards, dividends, and other distributions on the Solomon platform while retaining control over qualifications, distributions, approvals, and business relationships. USDv is an early implementation of this scheme, allowing qualified holders to receive rewards without the need to stake, wrap, or lock up their assets. Solomon's next step will be to serve more issuers and enterprises and expand the use of USDv in trading pairs, vaults, and applications.

Aptos Labs appoints former head of capital markets Solomon Tesfaye as Chief Business Officer

ChainCatcher news, according to official sources, Aptos Labs announced today the appointment of former head of capital markets Solomon Tesfaye as Chief Business Officer (CBO), responsible for driving on-chain innovation in global markets, payment infrastructure, and enterprise-level systems, deepening institutional collaboration, further strengthening Aptos's leading position in the RWA and stablecoin sectors, and accelerating global business expansion.The establishment of this new position marks a new phase of growth for Aptos, continuously promoting the implementation and application of the global trading engine. Currently, the on-chain RWA scale of Aptos has surpassed $540 million, ranking among the top three public chains globally. With new U.S. tokenization regulatory rules set to be introduced and ongoing in-depth dialogues with policymakers, institutional adoption of on-chain finance is expected to further increase.Solomon has played a key role in expanding Aptos's institutional business development, having led the preparations for Aptos's U.S. spot ETF and established deep collaborations with top global fintech companies. In the future, he will continue to drive market and application scenarios in key areas such as RWA, stablecoins, and payments, further solidifying Aptos's position as a leader in on-chain global financial infrastructure.
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