Athens Exchange Group eyes first onchain order book via Sui
Greek trade Athens Trade Group has moved nearer to adopting a Sui-based order ebook following its collaboration with Mysten Labs.
On April 16, the Sui (SUI) group introduced that Athens Trade Group, or ATHEX, had finalized the technical design for an onchain fundraising platform that can leverage zero-knowledge proofs on the Sui blockchain.
ATHEX’s ZK-powered fundraising platform will assist the inventory trade improve its providing with privateness and pace, bolstering its development in conventional capital markets.
This nod to blockchain innovation and integration follows Sui contributor Mysten Labs’ partnership with the Athens Trade Group in March 2024.
The collaboration between the 2 platforms goals to leverage their respective ecosystems to ship the technical design for ATHEX’s Digital Ebook Constructing (EBB), the trade’s fundraising characteristic. By tapping into Sui’s know-how and tooling, the corporate will have the ability to combine zero-knowledge proofs into EBB’s bidding course of.
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At the moment, Athens Trade Group and Mysten Labs are eyeing a proof of idea, with this a key milestone in the direction of constructing the primary onchain order ebook for a inventory trade.
“The concentrate on privacy-preserving mechanisms, mixed with Sui’s unparalleled pace and safety, will allow us to construct a state-of-the-art PoC that may evolve right into a full-fledged onchain order ebook, setting a brand new benchmark for the {industry},” stated Dr. Kostas Kryptos Chalkios, Chief Cryptographer and Co-Founding father of Mysten Labs
ATHEX will profit from a platform that mixes privacy-preserving mechanisms, pace and safety.
Sui’s capability to scale and deal with transactions in parallel, with industry-leading throughput will likely be essential to the inventory trade.
“By integrating zero-knowledge proofs, we goal to uphold the very best requirements of compliance and knowledge integrity whereas boosting operational effectivity for all market individuals,” stated Nikos Porfyris, chief working officer at Athens Trade Group.
Sui is the tenth largest blockchain by complete worth locked per DeFiLlama with over $1.18 billion in TVL.
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