Former Grayscale CEO Michael Sonnenshein Joins Aptos Labs as Adviser

Michael Sonnenshein, the former CEO of Grayscale Investments, has joined Aptos Labs as an adviser alongside OpenAI's chief product officer, Kevin Weil.

Aptos Labs, the developer of layer-1 blockchain Aptos, said in an email it will harness Sonnenshein's knowledge to bring more traditional financial institutions to the network.

Weil, who is also a former vice president of product at Facebook owner Meta (META), will advise Aptos Labs on AI strategies for blockchain applications.

Sonnenshein stepped down as Grayscale's CEO in May after 10 years with the company, during which the digital asset management company grew its flagship Bitcoin Trust (GBTC) into the pre-eminent BTC investment vehicle, which subsequently became one of the first U.S.-listed bitcoin exchange-traded funds (ETFs).

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