Tel Aviv Stock Exchange to offer crypto services via Fireblocks pact
Israel is set to introduce more regulated cryptocurrency opportunities, with the country’s only public stock exchange preparing to offer new crypto services.
The Tel Aviv Stock Exchange (TASE) has signed an agreement with the digital asset platform Fireblocks to jointly offer a range of new digital asset products and services.
Announcing the news on Aug. 1, the TASE noted that the new partnership will enable the stock exchange to provide institutional-grade digital asset solutions for regulated entities.
The collaboration is designed to combine the TASE’s experience and presence in the Israeli market with Fireblocks’ technology focused on moving, storing and issuing digital assets.
According to TASE clearing executive Orly Grinfeld, the new partnership between the TASE and Fireblocks is a “monumental leap forward in the global digital assets landscape.”
“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,” Grinfeld said.
Fireblocks co-founder and CEO Michael Shaulov mentioned that the firm’s latest collaboration with the TASE builds upon the success of Project Eden, an initiative dedicated to the application of blockchain infrastructure in the issuance and settlement of digital government bonds. Fireblocks and the crypto firm BlockFold participated in the proof-of-concept phase of the project completed in early June 2023.
“With Project Eden, our work with TASE has been one of the most exciting and ground-breaking digital asset use cases to date,” Shaulov said, adding:
The TASE officially announced plans to create a blockchain-based digital asset platform in October
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