Greek stock exchange eyes Sui blockchain on-chain fundraising tool

The Greek Stock Exchange has announced that it is considering launching its new tool, the Electronic Book Building (EBB), on the Sui blockchain ecosystem.

In a blog post on March 6, he revealed that EBB will be developed in collaboration between the Athens Exchange Group (ATHEX) and Myston Labs, a major contributor to the Sui ecosystem.

ATHEX EBB will be a new fundraiser in the future, allowing early-stage and mature companies to list transferable securities. Sui hosts ATHEX securities, which, if played, pose as digital certificates.

“In this form, they are protected by a chain of custody with strong security and transparency that can be transmitted,” he wrote. While blockchain technology appears to be a “natural fit” for stock market-related strategies, EBB's launch on Sui highlighted that it will be one of the first to use the technology in this way.

EBB can deploy a blockchain-based “meta-layer” on top of ATHEX's existing trading order pipeline. According to the blog post, the tool provides funding for business proposals to companies looking to raise funds.

The announcement is that the collaboration of the project is still in the evaluation stage and will focus on implementation and ATHEX will choose blockchain technology to host the new device.

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The Sui Network is a layer-1 blockchain ecosystem that launched its mainnet in May 2023 and is focused on digital asset ownership.

A few months after Mainnet launched, Google, Facebook and Twitch took steps to simplify Web3 logins for users on the Sui-powered app by allowing login details using a new zkLogin (Zero Knowledge Login) feature.

Since its inception, it has built a reputation for being able to handle high transaction volumes while maintaining low fees.

In the year In February 2024, his foundation launched the Blockchain Academy with a UAE-based school, the American University of Sharjah, to increase students' understanding of blockchain technology and its use in developing applications and platforms.

Sui Foundation Managing Director Greg Sioronis told Cointelegraph in an interview that he sees the goal of this university's initiative as educating people in providing the right tools on blockchain usabili.

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