The Greek stock market (ATHEX) is looking at using an exciting new blockchain technology for a fresh way of helping companies raise money. 

In a recent blog post, ATHEX announced it is working with Sui blockchain creators Mysten Labs to potentially launch its electronic book building (EBB) tool on the Sui system.

The EBB would allow early-stage and established companies to easily sell digital stock certificates secured and tracked on the blockchain. The announcement said blockchain is a “natural fit” for this kind of stock offering system, and using Sui’s blockchain could be one of the first examples of deploying it in this way.

The EBB would connect to ATHEX’s existing trading systems, providing liquidity for companies looking to raise funds by selling stocks. However, the project partnership is still being evaluated and depends on Sui’s performance and ATHEX deciding to choose blockchain for the new tool.

Sui is a blockchain network focused on secure digital asset ownership and fast, low-cost transactions. It has innovative features like allowing login with Google/Facebook and a new university program teaching about blockchain apps.

If approved, using Sui’s blockchain for ATHEX’s new stock offering system could start a new era of stock markets utilizing decentralized ledger technology in core processes. The announcement shows major markets are seriously exploring blockchain’s potential.

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