Aptos Co-Founder Mo Shaikh Transitions to Strategic Advisory Role

AirdropHunterWang · 2026-02-26T02:08:24+00:00

Mo Shaikh steps back from his role as CEO of Aptos Labs to allow Avery Ching to lead as the platform enters a growth phase. Aptos has raised $400 million and developed a robust ecosystem, with Shaikh remaining as an advisor.

AirdropHunterWang

2026-02-26 02:08:24

Abstract generation in progress

Mo Shaikh, co-founder of Aptos Labs, announced in December 2024 that he would be stepping back from his executive responsibilities to make room for new leadership. Avery Ching, who co-founded Aptos with Mo Shaikh three years ago, will now take the helm as CEO. This transition marks a significant shift in the layer-1 blockchain platform’s leadership structure as it enters a new growth phase.

Building a Robust Ecosystem: Aptos’ Foundation and Achievements

The decision comes at a time of considerable momentum for Aptos. The platform has successfully raised $400 million in venture capital funding and established itself as a thriving ecosystem, with over one thousand builders and innovators developing solutions on its network. Aptos distinguishes itself through Move, a unique blockchain programming language originally developed for Meta’s now-defunct Diem project, which the platform has adapted to solve scalability and security challenges.

In his announcement, Mo Shaikh expressed pride in the company’s accomplishments and acknowledged the crucial role played by major institutional investors. The investor base includes industry heavyweights BlackRock, Google, Mastercard, and PayPal, alongside venture firms such as Dragonfly, Blocktower, Haun Ventures, Hashed, IRONGREY, a16z, Apollo, Coinbase, Parafi, and Scribble, as well as Franklin Templeton and numerous angel investors.

Mo Shaikh’s New Direction and Vision

While stepping down from the CEO position, Mo Shaikh will remain connected to Aptos in a strategic advisory capacity, allowing him to continue contributing to the blockchain’s development while pursuing broader interests in blockchain technology and financial systems. Since 2016, Mo Shaikh has been deeply engaged in the blockchain space, working to advance systems that empower users through greater openness and fairness.

The leadership change underscores Aptos’ evolution from startup to established blockchain platform, with Avery Ching positioned to drive the next chapter of growth and innovation. Mo Shaikh’s commitment to remaining “a champion of Aptos and its mission” suggests continuity in the platform’s strategic direction despite the leadership transition.

APT-5,68%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.