Athens, Greece — Athens Trade Group, or ATHEX, right this moment has introduced its partnership with Mysten Labs to discover upgrading its Digital E book Constructing (EBB) to a distributed ledger expertise platform utilizing Sui, a Layer 1 good contract platform developed by the core analysis crew behind Fb’s Libra/Diem and Transfer tasks.
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The EBB, a novel fundraising mechanism by ATHEX, operates as a meta-layer over the prevailing buying and selling order routing system. It goals to leverage the community of ATHEX Members, together with banks and brokerage companies, to offer liquidity for firms in search of funds.
The EBB facilitates clean order assortment, environment friendly pricing, distribution, and settlement, providing benefits equivalent to figuring out the most effective supply worth for transferable securities like shares and bonds.
Yianos Kontopoulos, CEO of ATHEX Group, expressed pleasure concerning the partnership, stating, “We’re delighted to accomplice with Mysten Labs to create the following iteration of our EBB service – from their extremely skilled crew to the capabilities of Sui itself, we imagine we have now discovered the fitting crew to assist us harness the true potential of blockchain expertise.”
“Collaborating with a globally acknowledged monetary establishment like ATHEX is a momentous step ahead not only for the Sui blockchain, but additionally for Web3 itself.”
Evan Cheng, Co-Founder & CEO of Mysten Labs
“Monetary instruments have lengthy been touted as a use case for blockchain expertise, however we have now but to see actual world adoption. We’re honored to be working with the ATHEX crew and sit up for realizing the promise of the blockchain amongst conventional traders,” added Evan Cheng.
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About ATHEX EBB
ATHEX Digital E book Constructing (EBB) is a revolutionary fundraising mechanism offered by ATHEX, streamlining the fundraising course of and enabling companies to attach with potential traders seamlessly. Leveraging the intensive community of ATHEX Members, together with banks and brokerage companies, together with their shoppers, EBB enhances liquidity for firms in search of funds and ensures clean order assortment, environment friendly pricing, distribution, and settlement.
During the last 5 years, EBB has facilitated the elevating of over €10 billion in company bonds, IPOs, and Secondary Market Placements with vital oversubscription.
About Sui
Sui is a groundbreaking Layer 1 blockchain and good contract platform designed to make digital asset possession quick, non-public, safe, and accessible to all. Its object-centric mannequin, primarily based on the Transfer programming language, permits parallel execution, sub-second finality, and wealthy on-chain property.
With horizontally scalable processing and storage, Sui helps a variety of functions with unparalleled pace at low price. Sui represents a major development in blockchain expertise, offering a platform for creators and builders to construct wonderful, user-friendly experiences.
Study extra: Sui Web site
About Mysten Labs
Mysten Labs contains main consultants in distributed methods, programming languages, and cryptography, with founders who had been senior executives and lead architects of pioneering blockchain tasks. The mission of Mysten Labs is to create foundational infrastructure for web3, driving innovation in decentralized applied sciences.
Study extra: Mysten Labs Web site
