Athens Exchange Group Advances with Sui Blockchain
On April 16, the Sui (SUI) team revealed a significant step for the Athens Exchange Group (ATHEX).
ATHEX’s new platform will use zero-knowledge proofs on the sui blockchain. This will improve privacy and speed for the stock exchange. The collaboration with Mysten Labs, a Sui contributor, started in March 2024. together, they aim too create an Electronic Book Building (EBB) system. This system will use Sui’s technology to make the bidding process more secure and faster.
Currently, ATHEX and Mysten Labs are working on a proof of concept.This is a crucial step toward building the first onchain order book for a stock exchange.Dr. Kostas kryptos Chalkios, chief Cryptographer and Co-Founder of Mysten Labs, said, “Our focus on privacy and Sui’s speed will create a top-notch proof of concept.”
ATHEX will gain a platform that ensures privacy, speed, and security. Sui’s ability to handle many transactions quickly will be vital. Nikos Porfyris, COO of ATHEX, noted, “Integrating zero-knowledge proofs will maintain compliance and boost efficiency.”
Sui is the 10th largest blockchain by total value locked, with over $1.18 billion, according to DeFiLlama.This collaboration could set a new standard in the industry.
