Former Meta employees and key players behind the firm’s defunct stablecoin project Diem have raised $200 million to expand a new project dubbed Aptos.

Aptos was cofounded by former Novi — Meta’s crypto unit — strategic partnerships lead Mo Shaikh and tech lead Avery Ching. They are now the chief executive officer and chief technology officers for the company. Beide men left in December. Diem had already been appointed CEO. Silvergate Capital (NYSE 🙂This year, February.