The Athens Stock Exchange (ATHEX) is positioning itself to become a trailblazer in the financial world as it plans to integrate blockchain technology into its Electronic Book Building (EBB) system.
ATHEX announced the move in early March in collaboration with the Sui blockchain ecosystem to have securities minted as digital certificates for enhanced security, efficiency and transparency for its users.
Traditionally, the primary issuance process involves separate confirmations for securities allocation and settlement. However, integrating blockchain simplifies this by merging them into a single, streamlined confirmation.
This could translate to faster and more efficient transactions for everyone involved — the exchange, its members, investors and, most, importantly, issuers raising capital.
Cointelegraph spoke with a representative from Sui to better understand its collaboration with ATHEX and blockchain being used to level up operations in a traditional finance setting.
This news is republished from another source.
