Israel’s sole public stock exchange, Tel Aviv Stock Exchange (TASE), is aligning with Fireblocks, a leader in digital asset services, to create a selection of new cryptocurrency solutions.
Announced on the 1st of August, the alliance blends TASE’s influence in the Israeli market with Fireblocks’ avant-garde technology, aiming to supply institutional-grade digital asset solutions for regulated entities. Orly Grinfeld, TASE clearing executive, described the partnership as a “monumental leap forward in the global digital assets landscape.”
Building on the earlier success of Project Eden, a venture applying blockchain in issuing and settling digital government bonds, Fireblocks’ CEO, Michael Shaulov, expressed optimism about TASE’s exploration of digital asset products playing a foundational role in Israel’s economic future.
New horizons in Israeli crypto landscape: Regulation meets innovation
The new TASE and Fireblocks partnership symbolizes an important shift in Israel’s developing crypto narrative. This event builds on TASE’s announcement in October 2022 to create a blockchain-based digital asset platform, showcasing a growing inclination towards innovative technologies within regulatory frameworks.
In March 2023, TASE broadened its outlook by suggesting an expansion of crypto trading activities to non-banking members. Coupled with the Israeli government’s recent formation of a special team to regulate decentralized governance organizations (DAOs), these initiatives underline the country’s deliberate balance of innovation and stakeholder protection.
The joint ventures of TASE, Fireblocks, and Israeli regulatory authorities symbolize a comprehensive approach to digital asset integration in Israel’s financial framework.