Editor's Pick

Sui To Host New Tool From Greek Stock Exchange, ATHEX

The Athens Stock Exchange (ATHEX) plans to deploy a new tool, the Electronic Book Building (EBB), on the Sui blockchain. 

ATHEX Plans To Release EBB On Sui


In a blog post on March 6, Sui said the partnership marks the first time a stock exchange is developing such a solution on a public blockchain. 

The EBB will likely shape how businesses list transferable securities on the exchange. It will be a digital platform for companies to present their securities to interested investors.

Athens Exchange Group, the team behind ATHEX, is collaborating with Mysten Labs to develop this tool.

EBB is currently in the evaluation phase. Sui notes in the press release that its deployment will depend on ATHEX’s willingness to release it on the blockchain.

Even so, should EBB go live, enterprises will easily attract investors and boost the liquidity of their proposals. The tool will operate as a “meta-layer” on top of the exchange’s trading system. 

Security, Reliability, And Transparency


On its part, the network would host ATHEX securities minted as digital certificates on its ledger. Since they exist as tokens, compliant with Sui standards, they will be in a secure environment, safeguarded by the Sui web of validators. Beyond security, there is an element of transparency. Accordingly, it will be easier for investors to instantaneously verify ownership.

Beyond security, Sui offers scalability and parallel transaction processing. These characteristics mean the network can handle higher transaction volumes as expected from ATHEX. 

Unlike Ethereum, the legacy chain, it employs a modular design, translating to higher scalability and relatively low trading fees. 

As a result, EBB can operate efficiently on the blockchain without hitches or reliability concerns. With decentralized nodes securing the blockchain, ATHEX users relying on the tool will get uninterrupted service.

On March 5, Sui introduced the Request for Proposals program to enhance its grant allocation process. In a post, Sui said the program will better support developers by offering a ” structured framework for development, strategic alignment, and collaboration.”

The post Sui To Host New Tool From Greek Stock Exchange, ATHEX appeared first on Cryptonews.

You May Also Like

Latest News

WINDHAM, N.H. — It’s pouring rain Saturday morning as New Hampshire Gov. Chris Sununu (R) arrives at Mary Ann’s diner in Windham, fielding calls...

Latest News

Former New Jersey governor Chris Christie on Wednesday announced that he would suspend his long-shot bid for the 2024 Republican presidential nomination, clearing a...

Latest News

A super PAC that has overseen much of Ron DeSantis’s presidential operation has fired its CEO less than two weeks after the previous chief...

Economy

As the baby boomer generation continues to pass their wealth onto the generations which followed them, a recent report has shown that the amount...

Disclaimer: Incomeinnovatorhub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 incomeinnovatorhub.com