The Tel-Aviv Stock Exchange (TASE) has unveiled its new strategy plan for the years 2023–2027, which includes the construction of a new platform for digital assets in an effort to increase the Israeli economy’s exposure to cryptocurrencies.
The strategy states that “TASE will support the deployment of novel technologies, including DLT, tokenization of various kinds of digital assets, and smart contracts.”
The Israeli exchange’s CEO, Ittai Ben Zeev, stated that the project is intended to place TASE in a better position to benefit from the rapid technological transformation of the global financial markets.
The CEO said that they will use their home court advantage in Israel to adopt and expand Fintech and position TASE as a service and product hub.
TASE will also increase local capital market activity to match Israel’s economic strength and worldwide activity, taking advantage of this unique opportunity for growth and expansion.”
It is worth noting that TASE revealed earlier this month that, for the first time in Israel’s history, the country’s Ministry of Finance and the exchange are working together to issue government bonds using a blockchain platform.