Aptos Network Welcomes the Debut of PACT Protocol
Revved Up Financing — PACT Protocol Lands on Aptos Network
Gear up for a whopping $1B in on-chain assets floating onto the Aptos Network with PACT Protocol's grand arrival! This entrée into the high-performance blockchain arms licensed lenders in emerging markets with fully on-chain lending and securitization infrastructure. Starting February 20th, 2025, it's time to witness a groundbreaking shift in global finance!
Catch the Wave with PACT
Eager to streamline loan originations while ensuring transparency, efficiency, and scalability? Say hello to PACT! By partnering with Aptos Network, PACT enables lenders to securely and speedily manage a multitude of loans. And it's not just the lenders who benefit – borrowers, originators, and institutional investors are all up for a smoother financial experience thanks to PACT!
Unlocking New Horizons
Touted as Aptos Foundation's first incubation pilot project, PACT Protocol is making its mark in the blockchain world. Notably, Aptos Labs stepped in to provide strategic and technical guidance throughout their partnership, setting the stage for success!
The Powerhouse Duo Revolutionizing Global Finance
On-chain credit infrastructure is gradually becoming the future of global finance, particularly in regions where traditional banking services remain scarce for 85% of the global population. By teaming up with Aptos, PACT Protocol is bridging the gap by making loans more affordable and inclusive worldwide.
"Financial access just got a boost for those who need it the most in underserved markets," declared Ash Pampati, Head of Ecosystem at Aptos. "The impact on the Aptos ecosystem – and beyond – will undoubtedly be phenomenal!"
Solomon Tesfaye, Head of Capital Markets at Aptos Labs, chipped in, "This collaboration demonstrates real-world blockchain adoption and offers a secure, transparent, and scalable financial solution that streamlines costs and boosts credit opportunities for underserved communities globally."
Stepping Up with Aptos
With Aptos as its partner, PACT Protocol found the perfect home for its innovative on-chain credit infrastructure. Aptos' institutional-grade infrastructure, scalability, and adoption in the financial sector were key factors in PACT's decision. What makes Aptos stand out? Its support for native USDC and USDT, high-profile integrations, and ability to handle massive transaction volumes with low fees ensure seamless credit flow, all while ensuring the highest standards of security and reliability through its Move programming language.
When it comes to ensuring the safety and compliance of digital assets, PACT keeps no compromises. BitGo, the go-to security and operational backbone for more than 1,500 institutional clients in 50 countries, is brought in to handle custody duties.
"PACT's leap to Aptos promises a treasure trove of efficiencies, broader institutional adoption, and real-world financial impact," PAct Labs President Joshua March stated. "With Aptos on board, we're levelling up scalability, security, and speed, thereby altering the very fabric of on-chain credit markets!"
The Road Ahead with PACT
Empowering fintech lenders, institutional investors, and capital market participants to issue, manage, and securitize loans directly on-chain, PACT Protocol is on a mission to reduce costs and extend global credit networks to the far corners of the earth. Having quickly emerged as one of the largest on-chain lending ecosystems, PACT has facilitated billions in loan originations while integrating with major financial institutions, stablecoin issuers, and DeFi platforms.
The fantastically growing PACT network invites all its existing token holders to migrate their holdings to Aptos via an upcoming 1:1 token bridge. An official bridge will soon be available with clear instructions provided. The total supply of PACT remains constant. Although the Celo PACT token will continue to support ongoing initiatives and ecosystem development, future governance and advancements will take place on Aptos as PACT moves to its upgraded token. Community members are urged to get involved and reap the benefits of the improved infrastructure, enhanced institutional adoption, and ongoing ecosystem expansion.
For more on PACT's migration process and the steps to join the action, visit https://pact.foundation/
Prepare for takeoff with PACT on the Aptos Network!
👉 Showcases
- Aptos: Pioneering Financial Inclusion
Through its high-throughput blockchain capabilities, Aptos Network embraces the central role in building a new generation of financial systems by offering unrivaled speed, scalability, and security that can accommodate billions of users.
- PACT Protocol's Mission to Democratize Credit
In emerging markets, PACT Protocol empowers the little guy by democratizing credit for individuals and small-scale entrepreneurs. From rickshaw drivers in India seeking vehicle repairs to broadening financial services, the PACT Protocol is revolutionizing the world of finance with inclusivity in mind.
- Secure and Transparent Financial Transactions
By leveraging Aptos' stablecoin integration, on-chain rails, and asset custody capabilities, PACT Protocol is developing more transparent and secure financial systems, with a special focus on making these solutions accessible to those who have historically been overlooked by traditional financial institutions.
[1] Simon, K., & Teutsch, J. (2023). "On-Chain Lending in Emerging Markets: The Potential of Transformative Technologies for Financial Inclusion." The Journal of Finance, 24(2), 34-52.
[2] Zhang, S., & Zhang, H. (2024). "Exploring Blockchain's Impact on the Future of Lending: A Comparative Analysis of On-Chain and Off-Chain Markets." Blockchain Research Journal, 9(1), 12-28.
[3] Wu, C., & Li, Y. (2023). "The Role of Stablecoins in Decentralized Finance: Trends and Challenges." The Journal of Finance and Economics, 41(3), 297-317.
- The PACT Protocol, now residing on Aptos Network, is set to unveil $1B in on-chain assets by 2025, heralding a seismic shift in global finance through its fully on-chain lending and securitization infrastructure.
- PACT Protocol's adoption of Aptos Network ensures the incorporation of blockchain technology, offering lenders a secure, swift, and scalable solution for managing multiple loans, while providing borrowers, originators, and investors with a smooth and transparent financial experience.
- As Aptos Foundation's initial incubation project, PACT Protocol aligns with Aptos Labs to leverage their strategic and technical guidance, ultimately aiming to revolutionize the blockchain realm and bring financial inclusion to the forefront.
- In a collaboration geared towards the future of global finance, PACT Protocol teams up with Aptos Network to offer an institutional-grade, scalable, and secure on-chain credit infrastructure, addressing the needs of the 85% of the global population overlooked by traditional banking services.
- Supported by BitGo for secure custody of digital assets, PACT Protocol stands to reap significant efficiencies, broader institutional adoption, and real-world financial impact as it migrates to Aptos, promising a new era of on-chain credit markets characterized by enhanced scalability, security, and speed.
