In a recent development, Israel is on the brink of unveiling regulated avenues within the cryptocurrency landscape. The Tel Aviv Stock Exchange (TASE), the nation’s exclusive private stock exchange, is taking strides to usher in novel crypto services.
TASE has inked a deal with the digital asset platform Fireblocks, marking a significant stride forward. The collaboration aims to bring forth an array of cutting-edge digital assets products and services.
This partnership will help the stock exchange provide top-quality digital asset solutions specifically designed for regulated organizations.
This collaboration takes advantage of the strengths of both TASE, which is well-established in the Israeli market, and Fireblocks, which excels in facilitating the movement, storage, and issuance of digital assets.
Orly Grinfeld, the clearing executive at TASE, characterized the collaboration with Fireblocks as a pivotal advancement in the global digital assets landscape.
Furthermore, Grinfeld said, “We are unwavering in our pursuit of revolutionizing the industry and the local capital market, and this collaboration epitomizes our dedication to delivering secure, regulated, and innovative digital asset solutions,”
Michael Shaulov, the co-founder of Fireblocks, highlighted the significance of this latest collaboration with TASE, building upon the achievements of Project Eden. This initiative focused on using blockchain infrastructure for issuing and settling digital government bonds, and its success has opened doors for more projects.
Shaulov expressed enthusiasm about the digital asset products and services under exploration, foreseeing their fundamental role in shaping Israel’s future economy.
TASE’s plans for a blockchain-based digital asset platform were announced in October 2022. The stock exchange aimed to explore different ways, including integrating innovative technologies into their existing infrastructure, using specialized platforms, and offering a wide range of services and products for digital assets.
