REDMOND (dpa-AFX) - SK Telecom (SKM) announced a collaboration with Aptos
Labs, Brevan Howard, and Microsoft to introduce Aptos Ascend, a comprehensive
suite of institutional solutions for the global financial market.

The partnership integrates SKT's Wallet-as-a-Service product and the secure
Aptos blockchain to deliver end-to-end solutions, including a permissioned
network and Digital Asset Controls.

With Brevan Howard's expertise, Aptos Ascend aims to facilitate digital currency
and asset management for banks and financial institutions responsibly and at
scale.

Boston Consulting Group (BCG) joins as Aptos Labs' consulting partner,
leveraging its global proficiency in decentralized finance, digital assets, and
AI to implement the solutions.

The suite, powered by Microsoft Azure and Azure OpenAI Service, along with SKT's
regulatory-compliant Web3 technology, promises innovative trade finance
offerings within a decentralized, scalable, and data-rich network.



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