Blockchain infrastructure developer Aptos Labs penned partnerships with major tech and finance firms to build out its Aptos Ascend.

Aptos Ascend is a digital asset management platform for financial institutions. The product will use Microsoft Azure, a cloud computing platform, as well as Azure OpenAI Service, a large language model that can undergird generative AI applications. Aptos Ascend will also employ Brevan Howard's market investment expertise to guide financial institutions offering digital currency and asset management services to clients, as well as SK Telecom's web3 technology such as wallet-as-a-service functionalities, according to a release shared with The Block.

Aptos Labs also tapped Boston Consulting Group, a firm amassing $12.3 billion in global revenue in 2023, as its …