The Greek Exchange Athens Exchange Group is closer to accepting a sui -based order book after the collaboration with Mysten Labs.
On April 16, the SUI (SUI) team announced that the Exchange Group of Athens, or Athex, had completed the technical design for an onchain fundraising platform that will use zero knowledge of the sui blockchain.
The ZK-driven fundraising platform of Athex will help the stock market to improve its offer with privacy and speed, which strengthens growth on traditional capital markets.
This nods at blockchain innovation and tegration follows the partnership of Sui -contribution mysten Labs with the Athens Exchange Group in March 2024.
The cooperation between the two platforms is intended to use their respective ecosystems to deliver the technical design for Athex’s Electronic Book Building (EBB), the fundraising function of the Exchange. By using SUI technology and tools, the company can integrate zero knowledge certificates into the EBB bid process.
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Athens Exchange Group and Mysten Labs are currently looking at a proof of concept, with this an important milestone for building the first Onchain order book for a grant.
“The focus on privacy conservation mechanisms, in combination with sui’s unparalleled speed and safety, will enable us to build a state-of-the-art POC that can evolve into a fully-fledged orderbook of Onchain, a new benchmark for industry,” Dr. Kostas Kryptos, Chief Cryptograph and co-founder of Mysten Labs Labs Labs.
Athex will benefit from a platform that combines the privacy -retaining mechanisms, speed and security.
The capacity of Sui to scale parallel and process transactions, with a leading transit will be crucial for the stock market.
“By integrating zernennis testing, we want to maintain the highest standards of compliance and data integrity and at the same time stimulate operational efficiency for all market participants,” said Nikos Porfyris, Chief Operating Officer at Athens Exchange Group.
Sui is the 10th largest blockchain on total value that has been locked per Defillama by more than $ 1.18 billion in TVL.
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