Tel Aviv Stock Exchange Partners with Fireblocks for Secure and Innovative Digital Asset Solutions August 4, 2023 August 4, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsAugust 4, 2023 by Kelly Cromley

Tel Aviv Stock Exchange Partners with Fireblocks for Secure and Innovative Digital Asset Solutions

The Tel Aviv Stock Exchange (TASE) has established a strategic collaboration with Fireblocks, a digital assets platform. This partnership aims to provide a diverse selection of secure and cutting-edge digital asset products and services, which includes institutional-grade solutions for cryptocurrency custody. Fireblocks has expressed that the objective of this partnership is to increase accessibility for investors in capital markets, broaden the range of financial products, and foster a more competitive environment.

Orly Grinfeld, the Executive Vice President and Head of Clearing at TASE, highlights that the collaboration between TASE and Fireblocks marks a notable progression in the worldwide digital assets industry. Grinfeld affirms their dedication to transforming the industry and the local capital market, emphasizing that this partnership showcases their unwavering commitment to delivering secure, regulated, and cutting-edge digital asset solutions.

Collaboration aims to redefine finance and drive growth in digital assets

This partnership is an extension of the achievements made through Project Eden, a collaborative effort between TASE and the Israeli Ministry of Finance. The objective of this initiative was to facilitate the issuance of a government digital bond on a specialized blockchain platform.

Michael Shaulov, the esteemed co-founder and CEO of Fireblocks, expresses his deep sense of pride in being chosen by TASE to implement their digital asset strategies into practical application. Fireblocks is highly regarded by prominent banks and financial institutions across the globe. Shaulov is of the opinion that the digital asset products and services being considered by TASE will have significant implications for the future of Israel’s economy.

The partnership between TASE and Fireblocks seeks to redefine the future of finance and establish a new benchmark for the global digital assets industry. The primary goal of TASE is to fully leverage the capabilities of digital assets within a framework that prioritizes security, transparency, and regulation. Furthermore, the partnership aims to investigate novel prospects in the tokenization of diverse assets, establishing fresh markets, and nurturing expansion for both TASE and the domestic capital markets.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.