Aptos Labs, co-founded by former Meta engineer Avery Ching, has reached a market cap of over $1.2 billion in tokenized real-world assets (RWA) despite the ongoing bear market. The blockchain platform, launched in 2021, is designed to handle institutional-grade financial transactions and is utilized by major firms such as BlackRock and Franklin Templeton. Ching, who became CEO of Aptos in late 2024, has been instrumental in positioning the company as a global transaction engine for RWA. He also serves on the U.S. CFTC’s Digital Assets Market Advisory Committee, contributing to the development of regulatory frameworks for tokenized assets.