Israel’s Stock Exchange to Launch Blockchain-Based Crypto Exchange

The Tel Aviv Stock Exchange (TASE) – Israel’s sole equity and debt marketplace – now plans to establish a blockchain and digital asset-based trading platform.The exchange will focus on the development of distributed ledger and smart contract technologies while creating various types of tokenized digital assets.

Tel Aviv’s blockchain-related plans were detailed within its 2023 to 2027 strategy document published on Monday. Among the four strategic goals listed, one was to “establish a platform for digital assets based on blockchain (DLT),” and to “enter the crypto world”. This isn’t a new concept. More jurisdictions worldwide are looking into improving existing markets infrastructure with blockchain technology. The European Union, for instance, has already approved a pilot for blockchain-based securities trading, much like Tel-Aviv announced on Monday.

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