Solomon Tasfaye joins us now down here live on the trading floor.
He is the chief business officer at Aptos Labs.
It's really nice to see you.
Thanks for joining us.
Good to be here.
So talk to me about some of the ways that APTOS is leading the charge on the tokenization of RWA's real world assets.
What an important time to be working in that space.
It really is.
So right now we have about a billion of RWAs currently on APTOS.
It's really diversified money market funds, private credit.
We're really looking to get greater diversification on Shane.
And so it's really we're at the tip of the iceberg when it comes to just more assets being put on Shane on a daily basis.
I want to ask you about Decibel.
Correct me if I'm That's the name of your fully on chain exchange.
That's right.
What are the important details the average person should know and in what ways is it most different from maybe a more traditional exchange?
So no layer one that I'm aware of actually is incubated in exchange.
So this is a fully decentralized exchange, but leveraging the characteristics of APTOS, we actually are able to provide centralized exchange level performance while actually actually facilitating distribution of just diversified assets on chain.
AI data center costs.
We're talking about it all week with the big tech earnings.
I mean these are enormous sums of money.
Are there ways that blockchain can actually make those costs for AI data center buildouts a bit cheaper?
Yes, so we have what we call Shelby, which is a co-build with junk crypto, and it allows for fast, scalable infrastructure for basically AI systems as well as other applications to basically engage with on-chain activity.
I want to get your take on the Clarity Act.
I'm asking the Clarity Act question almost every day on the show and rightfully so.
I know.
It's a big one for the industry.
What are you tracking on the development of that bill out of Capitol Hill?
What does it mean for a potential stablecoin surge still to come?
So with greater clarity in general from a regulatory perspective, it allows for institutions to lean in.
So we've got clarity from an actual regulatory perspective in a number of key jurisdictions, not just the US, and it does act as a catalyst for a wide range of adoption and for institutions just simply to be able to engage.
Why do you have a hard supply cap at Aptos first and fore?
Foremost, I should ask, what does that actually mean for someone watching who's unfamiliar and why is that the path forward?
So the APTOS Foundation's been extremely busy.
We actually did a holistic review of our tokenomics and so what it means from the supply cap perspective is we actually capped the supply of APT, our token, at 2.1 billion.
We did a number of other changes related to gas fees, basically programmatic buybacks, and it's all to basically facilitate a deflationary dynamic with the APT.
Finally, your partnership with OKX.
You've launched app Open Standard for AI commerce.
How did that relationship come about and what should people know about the most important details?
I'm sure you're pretty bullish on it.
You got to be.
Absolutely.
OKX is a longtime partner of Aptos, and so we're extremely excited about basically Agentic.
Payments protocol.
So essentially it's allowing for AI agents to engage in a much more efficient manner on chain, and that works to the strong characteristics of APTOS in terms of being a low cost fast blockchain.
Solomon Tesfaye, chief business officer at Aptos Labs right here in New York City, thanks for being here.
Come back on the show anytime.
Really nice to see you.
My pleasure.
