New York City, USA, February 20, 2025, Chain Wire
From the first day, I bring more than 1B of more than 1B to APTOS.
The PACT protocol starts on the APTOS network today, bringing a complete hot chain and securities infrastructure for the emerging market license lending agencies to a high -performance blockchain. This launch will bring over $ 1 billion on chain assets to APTOS and follow the Aptos Foundation and nine months of incubation and cooperation.
Loan institutions are not only efficient, but the higher the efficiency, the higher the loan, security and service loans, and the borrowers, callers and institutional investors can operate in a transparent, efficient and expandable financial environment. The PACT is the first participant of the incubation pilot of Aptos Foundation. Aptos Labs provided strategies and technical consultations for partnerships.
Onchain credit infrastructure changes global finance in emerging markets with traditional banking services for 85%of the world’s population. By starting APTOS, the PACT can expand its access to credit in the marginalized market, making it possible to borrow in cheap and embracely around the world.
“This partnership is expanding its financial approach to those who need most people living in emerging markets around the world. “I am happy to see the Aptos ecosystem and beyond it.”
Solomon Tesfayye, head of Aptos Labs’ Capital Markets, said, “This is the appearance of the actual blockchain. “Pact integration with APTOS provides a transparent and expandable solution that reduces the cost of the underprivileged community and expands credit opportunities around the world.”
The PACT has chosen the application for the adoption of the institutional rating infrastructure, scalability and financial sectors of the network. APTOS supports the ability to handle the default USDC and USDT, famous integration and high trading volume with low fees, ensuring smooth credit flow while maintaining security and reliability through the mobile programming language. The PACT protocol uses Bitgo for the preferred security and backbone custody and regulations for more than 1,500 institutional customers in 50 countries.
Joshua March, chairman of Pact Labs, a technology and infrastructure provider of the Pact protocol, said, “The transition to the APTOS of the Pact is more efficient, extensive institutional adoption, and the actual financial impact. “With APTOS, we are fundamentally changing the way the credit market is operating a chain, promoting new levels of expansion, security and speed.”
Through the PACT protocol, the Pintech lending agency, institutional investor and capital market participants can directly issue, manage, and secure loans directly with chain to reduce costs and expand access to the global credit market. The PACT has grown rapidly as one of the largest chain loan ecosystems, promoting billions of loans, integrating with major financial institutions, stablecoin publishers and Defi platforms.
All existing agreements can migrate tokens with aptos through the official 1: 1 token leg. The bridge will soon be provided in a clear guideline. The total supply of the agreement has not changed. CELO PACT TOKEN will continue in aptos with continuous initiatives, future governance and ecosystem development to upgraded tokens. Members of the community are recommended to participate in the migration to make the most of APTOS reinforcement infrastructure, extensive institutional adoption and continuous ecosystem growth.
For more information on how to migrate and participate in the Pact, you can visit https://pact.foundation/.
Aptos network information
APTOS is the next generation layer 1 block chain. APTOS’s breakthrough technology, expandable infrastructure and user protection measures are designed to supply power to next -generation financial systems by providing unparalleled high throughput and low waiting time that can be expanded to billions of users.
Aptos Foundation Information
Aptos Foundation is dedicated to supporting the development of the Aptos protocol distributed network and leading the participation with the Aptos ecosystem. The Aptos Foundation aims to bring about distributed benefits to the public by unlocking the blockchain with smooth usefulness.
About the agreement protocol
The PACT protocol is a smart contract platform that has the authority to completely chain the cause, payments, warehouses and securities. Designed to connect the borrower to the global capital, the protocol simplifies the financial process using blockchain technology while providing standardized and transparent loan frameworks. Initial development was led by Pact Labs, which simplifies the integration of the sender by continuing to support the ecosystem through tools such as dashboards, APIs and SDKs.
Contact
Communication lead
Hannah noise
Aptos labs
hannah@aptoslabs.com