The Tel Aviv Stock Exchange (TASE) has just announced it intends to launch its own blockchain platform for trading digital assets.
Ittai Ben-Zeev, head of the exchange, has said:
"Over the next five years, we see a critical window of opportunity to integrate the Israel Stock Exchange into the technological revolution that global capital markets are experiencing."
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The implementation of the strategy, which will run from 2023 to 2027, will begin next year. The goal of the program is to support TASE's value proposition by building a blockchain platform that integrates cryptocurrencies, including "DLT technologies, tokenization of various types of digital assets and smart contracts."
The country's Ministry of Finance and the Tel Aviv Stock Exchange have previously launched a pilot project for bond tokenization called Eden.
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