Greek Exchange Athens Exchange Group is closer to adopting SUI-based order books following its collaboration with Mysten Labs.
On April 16, the SUI (SUI) team announced that Athens Exchange Group, or Athex, had confirmed the technology design for the Onchain fundraising platform that utilizes the zero-aware proof of SUI blockchain.
Athex’s ZK-driven financing platform helps stock exchanges to enhance their offerings with privacy and speed, and to enhance growth in traditional capital markets.
This nods to blockchain innovation and integration, following a partnership with the Athens Exchange Group of SUI contributor Mysten Labs in March 2024.
The collaboration between the two platforms aims to leverage their respective ecosystems to provide technical design for Exchange’s fundraising capabilities, Athex’s Electronic Book Building (EBB). By leveraging SUI’s technology and touring, the company is able to integrate zero-knowledge proof into the EBB bidding process.
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Currently, the Athens Exchange Group and Mysten Labs are focusing on proof of concept. This is an important milestone for building the stock exchange’s first Onchain Order Book.
“By focusing on the mechanisms of ingesting privacy combined with SUI’s unparalleled speed and security, we can build cutting-edge POCs that can evolve into a full-fledged Onchain Order Book, setting new benchmarks for the industry.”
Atex benefits from a platform that combines mechanisms, speed and security that provide privacy.
With industry-leading throughput, SUI’s ability to scale and process transactions in parallel is important for stock exchanges.
“By integrating zero-knowledge proofs, we aim to maintain the highest standards of compliance and data integrity while increasing operational efficiency for all market participants.”
SUI is the 10th largest blockchain by total locked per Defillama, exceeding $1.18 billion on TVL.
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