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PACT Protocol Launches on Aptos Network
February 20, 2025 – New York City, United States – Today, PACT Protocol officially launches on the high-performance blockchain, Aptos. This groundbreaking collaboration brings over $1 billion in on-chain assets onto the network, further cementing its position as a leading player in the global financial landscape.
As part of this monumental launch, PACT has concluded nine months of rigorous incubation and partnership with the Aptos Foundation. By tapping into Aptos’ cutting-edge infrastructure, scalability, and user safeguards, PACT is poised to revolutionize on-chain lending and securitization for licensed lenders in emerging markets.
The innovative protocol enables financial institutions to originate, securitize, and manage loans directly on-chain, thereby reducing costs and expanding access to global credit markets. With this upgrade, PACT has grown into one of the largest on-chain lending ecosystems, facilitating billions of dollars in loan originations while integrating with major financial institutions, stablecoin issuers, and decentralized finance (DeFi) platforms.
To facilitate a seamless transition, PACT will be migrating its existing token to Aptos via an official 1:1 token bridge. This move will ensure that all current holders can seamlessly transfer their tokens to the new platform, maintaining their original value.
The migration process will also involve the discontinuation of the Celo-based PACT token, which will continue to support ongoing initiatives and ecosystem development in a reduced capacity.
As the protocol’s governing body continues to evolve and thrive on Aptos, community members are encouraged to participate in this migration and take full advantage of the enhanced infrastructure, broader institutional adoption, and accelerated ecosystem growth that Aptos has to offer.
Aptos, for those unaware, is a next-generation Layer 1 blockchain that boasts unparalleled high throughput and low latency capabilities. By leveraging these cutting-edge technologies, the network can scale to support billions of users, making it an ideal platform for PACT’s ambitious plans.
The Aptos Foundation plays a crucial role in supporting the development and growth of the Aptos protocol decentralized network, while fostering engagement with the broader ecosystem.
In its quest to democratize financial services and promote transparency, PACT Protocol has always been committed to pushing the boundaries of what is possible within the blockchain space. With this monumental step forward, it appears that such objectives are well within reach.
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Chainwire
Source: cryptopotato.com
