The Greek stock exchange (ATHEX) is considering utilizing cutting-edge blockchain technology to help companies obtain funds in a novel way.
In a recent blog post, ATHEX stated that it is collaborating with Sui blockchain makers Mysten Labs to potentially publish its electronic book building (EBB) tool on the Sui platform.
The EBB would enable both early-stage and established businesses to effortlessly offer digital stock certificates that are safeguarded and tracked on the blockchain. According to the release, blockchain is a “natural fit” for this type of stock offering system, and implementing Sui’s blockchain might be one of the first examples.
The EBB would connect to ATHEX’s existing trading platforms, providing liquidity for enterprises seeking to generate capital through stock sales. However, the project cooperation is still being considered and depends on Sui’s success and ATHEX’s decision to use blockchain for the new tool.
Sui is a blockchain network dedicated to safe digital asset ownership and rapid, low-cost transactions. It contains novel features such as Google/Facebook login and a new university program that teaches about blockchain applications.
If approved, using Sui’s blockchain into ATHEX’s new stock offering system might usher in a new age of stock exchanges that use decentralized ledger technology in key activities. The announcement demonstrates that big markets are carefully considering blockchain’s possibilities.
