Oryon
Portfolio indexActive · Series A · 2022
ActiveCrypto infrastructure

Aptos

CategoryL1 · Protocol
HeadquartersPalo Alto
FoundersMo Shaikh, Avery Ching
— Overview

Aptos is a Move-based L1 spun out of Meta's Diem team, targeting institutional-grade throughput and a strong safety story through the Move language. The founding team brings the engineering rigor of a large-scale distributed systems background to protocol design.

The chain has demonstrated peak throughput of 160K TPS with sub-second finality, and now hosts 200+ ecosystem applications including major stablecoin issuances from Ethena and Tether. The Move VM's resource-oriented model has proven attractive to teams building financial primitives.

In 2026 Aptos is expanding institutional integrations, with a Franklin Templeton tokenized fund launched on-chain and additional TradFi partnerships in the pipeline for later this year.

— By the numbers
200+
Ecosystem apps
160K
TPS peak
150
Validators
2022
Founded
— Investment
Round
Series A 2022
Our role
Lead
Check size
$14M
Co-investors
a16z crypto · Multicoin Capital · FTX Ventures
Board seat
Haseeb Qureshi
— Our thesis

The Move-based L1 with the strongest engineering team of the class of 2022. We led the Series A on execution conviction.

— Team
MS

Mo Shaikh

CEO & Co-Founder
AC

Avery Ching

CTO & Co-Founder
DW

David Wolinsky

Head of Research
BS

Bhavin Shah

VP Engineering
— Timeline
  1. Q1 2022Founded by ex-Diem engineers
  2. Q1 2022Oryon Series A
  3. Q4 2022Mainnet launch
  4. Q1 2026Franklin Templeton tokenized fund
— Latest update

MoveVM ecosystem expanding to 200+ apps. Ethena and Tether integrations live.

— In the press

Aptos brought institutional-quality engineering to a category dominated by amateurs.

The Information, 2023