TechFlow News — The Hellenic Exchanges Group (ATHEX) has announced it is considering launching a new tool, the electronic book building (EBB), on the Sui blockchain ecosystem.
As revealed in a blog post by Sui on March 6, the EBB will be developed through a collaboration between ATHEX and Mysten Labs, an original contributor to the Sui ecosystem.
The ATHEX EBB will serve as a future financing instrument, providing liquidity for business proposals from companies seeking funding. It will allow both early-stage and mature companies to list transferable securities.
Sui will host ATHEX securities, which, if issued, will be minted as digital certificates. The EBB will be deployed on top of ATHEX’s current trading order routing system as a blockchain-based "meta-layer."
The announcement stated that the project collaboration remains in the evaluation phase.
