Greek alternate Athens Alternate Group has moved nearer to adopting a Sui-based order e-book following its collaboration with Mysten Labs.
On April 16, the Sui (SUI) group introduced that Athens Alternate 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 alternate improve its providing with privateness and velocity, bolstering its development in conventional capital markets.
This nod to blockchain innovation and integration follows Sui contributor Mysten Labs’ partnership with the Athens Alternate 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 E book Constructing (EBB), the alternate’s fundraising characteristic. By tapping into Sui’s expertise and tooling, the corporate will be capable to combine zero-knowledge proofs into EBB’s bidding course of.
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At the moment, Athens Alternate Group and Mysten Labs are eyeing a proof of idea, with this a key milestone in the direction of constructing the primary onchain order e-book for a inventory alternate.
“The deal with privacy-preserving mechanisms, mixed with Sui’s unparalleled velocity and safety, will allow us to construct a state-of-the-art PoC that may evolve right into a full-fledged onchain order e-book, 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, velocity and safety.
Sui’s capability to scale and deal with transactions in parallel, with industry-leading throughput shall be essential to the inventory alternate.
“By integrating zero-knowledge proofs, we intention to uphold the best requirements of compliance and knowledge integrity whereas boosting operational effectivity for all market members,” stated Nikos Porfyris, chief working officer at Athens Alternate Group.
Sui is the tenth largest blockchain by whole worth locked per DeFiLlama with over $1.18 billion in TVL.
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