Aptos
APTLayer 1 · Built in Palo Alto, CA · Matonee Inc. (Aptos Labs)
Listing suspended on 2026-09-14
Aptos Labs (legal name Matonee Inc., per Fortune) now has primary evidence of Delaware incorporation (SEC Form D and New York registry) and a Palo Alto headquarters (terms of use), so Tests 1 and 4 are evidenced. Neither Test 2 nor Test 3 is established: only one of two named founders (Avery Ching) holds an operational role and neither founder's US status at founding is documented, and no primary document or two independent sources evidencing a US engineering majority, US governance entity, or US regulatory engagement by Aptos Labs was found (no SEC Crypto Task Force meeting, written input, or rulemaking comment). Market data is withheld until verification meets the USCC evidence standard.
The verdict on record
Pathway: Foundation with a US principal contributor. Needs Tests 1 and 4, plus 2 or 3.
Test 1 · passes on primary documents
Headquartered in the United States
Matonee Inc. (Aptos Labs) is headquartered in Palo Alto, CA.
1 source· 1 primary
- Legal termsaptoslabs.com/terms2026-09-14
Test 4 · passes on primary documents
Registered in a US state
Matonee Inc. (Aptos Labs) is registered in DE.
2 sources· 2 primary
- Registrydata.ny.gov/resource/n9v6-gdp6.json2026-09-14
- Filingsec.gov/Archives/edgar/data/1941157/000194115722000001/primar…2026-09-14
Test 2 · not met
American founding team
0 of 2 named founders are established US persons holding operational roles today; a majority is required.
Test 3 · not met
Primary operations in the United States
No US primary-operations claim is supported by a primary document or two independent sources.
Legal entities
Matonee Inc. (Aptos Labs)
Delaware · principal contributor · Palo Alto, CA
5 sources· 3 primary
- Legal termsaptoslabs.com/terms2026-09-14
- Registrydata.ny.gov/resource/n9v6-gdp6.json2026-09-14
- Filingsec.gov/Archives/edgar/data/1941157/000194115722000001/primar…2026-09-14
- Pressfortune.com/2022/07/10/facebook-meta-new-blockchain-diem-tech…2026-09-14
- Projectaptoslabs.com2026-09-14
Aptos Foundation
Cayman Islands · foundation
Founders
Mo Shaikh
Co-Founder; former CEO (stepped down December 2024); not listed on the current Aptos Labs team page · US status not established · no operating role today
1 source
- Projectaptoslabs.com/team2026-09-14
Avery Ching
CEO and Co-Founder · US status not established · operating role today
1 source
- Projectaptoslabs.com/team2026-09-14
Record history
2026-09-14 · suspended
Suspended: Tests 1 and 4 are evidenced for Aptos Labs (Matonee Inc.), but no founder, regulator, filing, or legal-document evidence supports Test 2 or Test 3.
2026-09-14 · correction
Founder roles corrected: Mo Shaikh stepped down as CEO in December 2024 and Avery Ching is now CEO (previously listed as CEO and CTO respectively); unsourced lead-investor and audit claims removed. Legal entity identified as Matonee Inc. (Fortune), with Delaware incorporation supported by its SEC Form D and New York registration.
2026-04-29 · listed
Listed in the v0.1 allowlist.
About Aptos
Aptos is a Layer 1 blockchain. Aptos Labs, legally Matonee Inc., a Delaware corporation whose terms of use give a Palo Alto, California address, develops products and applications for the network; co-founder Avery Ching is CEO.