The Greek stock exchange has announced its plans to introduce a new tool called the electronic book building (EBB) on the Sui blockchain ecosystem. In a blog post on March 6, Sui disclosed that the EBB will be developed in partnership with the Athens Exchange Group (ATHEX) and Mysten Labs, the original contributor to the Sui ecosystem.
ATHEX’s EBB will serve as a fundraising platform, enabling both early-stage and mature companies to list transferable securities. Sui will host ATHEX securities, which will be transformed into digital certificates.
“These digital certificates will be safeguarded by robust security measures and will be transferable, with a transparent chain of custody,” the blog post explained. It emphasized that while blockchain technology appears to be a natural fit for stock market-related mechanisms, the deployment of EBB on Sui will be one of the first to utilize the technology in this manner.
EBB will be implemented as a blockchain-based “meta-layer” on top of ATHEX’s existing trading order routing system. According to the blog post, the tool will provide liquidity for business proposals from companies seeking to raise funds.
The announcement stated that the collaboration is still in the evaluation phase and is dependent on ATHEX’s decision to adopt blockchain technology for its new tool.
The Sui Network is a layer-1 blockchain ecosystem that launched its mainnet in May 2023, with a focus on digital asset ownership. A few months after the mainnet launch, Sui introduced a new zkLogin (Zero Knowledge login) feature, which simplified Web3 logins for users on its Sui-powered apps by allowing them to use their Google, Facebook, and Twitch login details.
Since its launch, Sui has gained a reputation for its ability to handle high transaction volumes while maintaining low fees.
In February 2024, the Sui Foundation partnered with the American University of Sharjah, a United Arab Emirates-based school, to establish a Blockchain Academy. The goal of this initiative is to educate students about blockchain technology and its potential for creating applications and platforms.
Greg Siourounis, the managing director of the Sui Foundation, stated in an interview with Cointelegraph that the university initiative aims to educate people on the usability of blockchain while providing them with the necessary tools.
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