New York City, USA, February 20, 2025, ChainWire
From the first day, we will bring more than $1 billion in chain assets to Aptos.
The PACT protocol was launched today on the APTOS network, bringing full on-chain lending and securitization infrastructure to high-performance blockchains for licensed lenders in emerging markets. The launch follows a nine-month incubation and collaboration with the APTOS Foundation, bringing over $1 billion in chain assets to APTOS.
PACT allows lenders to send, securitize, provide services and enable borrowers, founders and institutional investors to operate in a transparent, efficient, and scalable financial environment. Masu. PACT was the first participant in the Aptos Foundation incubation pilot and is a program aimed at supporting and scaling high impact blockchain projects. Aptos Labs provided strategic and technical consultations for the partnership.
On-chain credit infrastructure is transforming global finance, especially in emerging markets where traditional banking services are out of reach of 85% of the world’s population. By launching at Aptos, PACT expands access to credit in underserved markets, making borrowing more affordable and comprehensive, globally comprehensive.
“This partnership expands financial access to those who live in emerging markets around the world to those who need it most,” said Ash Pampati, head of the ecosystem at Aptos. “We are excited to see the impact it will have on the APTOS ecosystem and beyond.”
“This is how real-world blockchain adoption looks like,” said Solomon Tesfaye, head of capital markets at Aptos Labs, who provided strategic consultations for the partnership. “The integration of PACT with APTOS provides a transparent and scalable solution that reduces costs and expands credit opportunities for underserved communities around the world.”
PACT selected APTOS for its facility-grade infrastructure, scalability and adoption of the network in the financial sector. With native USDC and USDT support, well-known integrations, and the ability to handle high transaction volumes at low prices, APTOS ensures seamless credit flow while maintaining security and reliability through a mobile programming language. The PACT protocol utilizes BITGO for its priority security and operational backbone for custody and compliance to over 1,500 institutional customers in 50 countries.
“We are committed to providing a range of services that are important to us,” said Joshua March, president of PACT Labs, the technology and infrastructure provider behind the PACT protocol. “It promotes new levels of proper scalability, security and speed, and fundamentally transforms how the credit market works in the chain.”
PACT protocol allows FinTech lenders, institutional investors, and capital market participants to issue, manage and securitize loans directly on-chain, reducing costs and access to global credit markets You can enlarge it. PACT is growing rapidly, becoming one of the largest chain lending ecosystems, fostering billions of loans while integrating with leading financial institutions, Stablecoin issuers and the Defi platform.
All existing agreement holders have the opportunity to migrate tokens to the right ones via the official 1:1 token bridge. The bridge will soon be available and clear instructions will be provided. The total supply of the agreement has not been changed. Although the CELO PACT tokens continue to support ongoing initiatives, future governance and ecosystem development will take place at APTOS as they migrate to upgraded tokens with APTOS. Community members are encouraged to take part in the transition to maximize APTOS’s enhanced infrastructure, broader institutional adoption, and continued ecosystem growth.
For more information about PACT migration and how to participate, users can visit https://pact.foundation/.
About the APTOS Network
Aptos is the next generation layer 1 blockchain. Aptos’ groundbreaking technology, scalable infrastructure and user safeguards enhance the next generation of financial systems by providing unparalleled high throughput and low latency that can scale to billions of users It is designed to be.
About Aptos Foundation
The Aptos Foundation is dedicated to supporting the development of APTOS protocol distributed networks and promoting engagement with the APTOS ecosystem. The Aptos Foundation aims to bring decentralization benefits to the masses by unlocking blockchain with seamless ease of use.
About the PACT protocol
PACT Protocol is a permitted smart contract platform that fully on-chain enhances loan origination, payments, warehouses and guarantees. Designed to connect borrowers with global capital, this protocol provides a standardized, transparent lending framework and leverages blockchain technology to streamline financial processes. Initial development was led by PACT LABS. PACTLABS continues to support the ecosystem using tools such as dashboards, APIs, and SDKs, simplifying caller integration.
contact
Communication Lead
Hannah Noyes
APTOS Lab
hannah@aptoslabs.com
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