Greek exchange Athens Exchange Group has moved closer to adopting a Sui-based order book following its collaboration with Mysten Labs. On April 16, the Sui ( SUI ) team announced that Athens Exchange Group, or ATHEX, had finalized the technical design for an onchain fundraising platform that will leverage zero-knowledge proofs on the Sui blockchain. ATHEX’s ZK-powered fundraising platform will help the stock exchange enhance its offering with privacy and speed, bolstering its growth in traditional capital markets. This nod to blockchain innovation and integration follows Sui contributor Mysten Labs’ partnership with the Athens Exchange Group in March 2024. The collaboration between the two platforms aims to leverage their respective ecosystems to deliver the technical design for ATHEX’s Electronic Book Building (EBB), the exchange’s fundraising feature. By tapping into Sui’s technology and tooling, the company will be able to integrate zero-knowledge proofs into EBB’s bidding process. You might also like: South Korean presidential candidate vows to deregulate crypto like Trump-era US Currently, Athens Exchange Group and Mysten Labs are eyeing a proof of concept, with this a key milestone towards building the first onchain order book for a stock exchange. “The focus on privacy-preserving mechanisms, combined with Sui’s unparalleled speed and security, will enable us to build a state-of-the-art PoC that can evolve into a full-fledged onchain order book, setting a new benchmark for the industry,” said Dr. Kostas Kryptos Chalkios, Chief Cryptographer and Co-Founder of Mysten Labs ATHEX will benefit from a platform that combines privacy-preserving mechanisms, speed and security. Sui’s capacity to scale and handle transactions in parallel, with industry-leading throughput will be crucial to the stock exchange. “By integrating zero-knowledge proofs, we aim to uphold the highest standards of compliance and data integrity while boosting operational efficiency for all market participants,” said Nikos Porfyris, chief operating officer at Athens Exchange Group. Sui is the 10th largest blockchain by total value locked per DeFiLlama with over $1.18 billion in TVL. You might also like: Cboe BZX seeks SEC approval for first-ever SUI ETF
