The Tel Aviv Stock Exchange has announced the creation of a blockchain platform to expand its trading services related to digital currencies as part of a new strategic plan for 2023-2027.
The Israeli exchange TASE has developed a five-year plan for the development of its blockchain projects, aimed at both its own products and services for other crypto companies.
“We will promote the introduction of innovative technologies, including distributed ledger technology (DLT), tokenization of various classes of digital assets and smart contracts. We also intend to explore the possibility of transforming the current infrastructure with the help of new technologies. In the future, we plan to offer many services and products related to digital assets,” the exchange said in a statement.
The five-year plan includes the development and sale of technological solutions and services to other exchanges and participants in the cryptocurrency market. Subsidiaries of TASE will also become subdivisions of the new holding.
The stock exchange developed a plan based on an analysis of industry trends shortly after announcing a partnership with the Israeli Ministry of Finance to test a blockchain digital bond trading platform.
Recall that on August 1, a law came into force in Israel that recommends the use of alternative methods of digital payments and prohibits transactions in cash and bank checks in large amounts.
Source: Bits
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