ATHEX Partners with Sui for Blockchain Book Building in Fundraising
Athens, Greece — Athens Trade Group, or ATHEX, in the present day has introduced its partnership with Mysten Labs to discover upgrading its Digital E-book Constructing (EBB) to a distributed ledger expertise platform utilizing Sui, a Layer 1 sensible contract platform developed by the core analysis group behind Fb’s Libra/Diem and Transfer initiatives.
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The EBB, a novel fundraising mechanism by ATHEX, operates as a meta-layer over the present buying and selling order routing system. It goals to leverage the community of ATHEX Members, together with banks and brokerage companies, to offer liquidity for firms searching for funds.
The EBB facilitates easy order assortment, environment friendly pricing, distribution, and settlement, providing benefits similar to figuring out the perfect provide worth for transferable securities like shares and bonds.
Yianos Kontopoulos, CEO of ATHEX Group, expressed pleasure concerning the partnership, stating, “We’re delighted to associate with Mysten Labs to create the following iteration of our EBB service – from their extremely skilled group to the capabilities of Sui itself, we imagine we’ve discovered the best group to assist us harness the true potential of blockchain expertise.”
“Collaborating with a globally acknowledged monetary establishment like ATHEX is a momentous step ahead not only for the Sui blockchain, but in addition for Web3 itself.”
Evan Cheng, Co-Founder & CEO of Mysten Labs
“Monetary instruments have lengthy been touted as a use case for blockchain expertise, however we’ve but to see actual world adoption. We’re honored to be working with the ATHEX group and sit up for realizing the promise of the blockchain amongst conventional buyers,” added Evan Cheng.
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About ATHEX EBB
ATHEX Digital E-book Constructing (EBB) is a revolutionary fundraising mechanism supplied by ATHEX, streamlining the fundraising course of and enabling companies to attach with potential buyers seamlessly. Leveraging the in depth community of ATHEX Members, together with banks and brokerage companies, together with their purchasers, EBB enhances liquidity for firms searching for funds and ensures easy order assortment, environment friendly pricing, distribution, and settlement.
During the last 5 years, EBB has facilitated the elevating of over €10 billion in company bonds, IPOs, and Secondary Market Placements with vital oversubscription.
About Sui
Sui is a groundbreaking Layer 1 blockchain and sensible contract platform designed to make digital asset possession quick, personal, safe, and accessible to all. Its object-centric mannequin, based mostly on the Transfer programming language, allows parallel execution, sub-second finality, and wealthy on-chain belongings.
With horizontally scalable processing and storage, Sui helps a variety of functions with unparalleled pace at low price. Sui represents a major development in blockchain expertise, offering a platform for creators and builders to construct wonderful, user-friendly experiences.
Be taught extra: Sui Web site
About Mysten Labs
Mysten Labs contains main specialists in distributed methods, programming languages, and cryptography, with founders who have been senior executives and lead architects of pioneering blockchain initiatives. The mission of Mysten Labs is to create foundational infrastructure for web3, driving innovation in decentralized applied sciences.
Be taught extra: Mysten Labs Web site
