The Athens Exchange Group (ATHEX), in partnership with Mysten Labs, has reached a breakthrough by completing the technical blueprint for transitioning its Electronic Book Building (EBB) platform to an entirely onchain system using Sui’s Layer 1 blockchain. The upgrade integrates zero-knowledge proofs (ZKPs), allowing confidential bid submissions while maintaining regulatory transparency—a pivotal innovation for aligning blockchain privacy with compliance. This is a significant move to bridge traditional finance with decentralized technology in regulated environments.
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