Israel, TASE, to Launch State Digital Bond
TEL AVIV, IS – On Tuesday, the Israeli Ministry of Finance and the Tel Aviv Stock Exchange (TASE) announced plans to issue a groundbreaking blockchain-based digital state bond called Project Eden. The initiative aims to revolutionize the trading and clearing of bonds through the use of smart contracts and tokenization.
The Israeli government and TASE have joined forces with leading digital asset infrastructure firms, Fireblocks and VMWare. Together, they will embark on a series of five tests, putting the new platform through its paces and evaluating its capabilities.
If the implementation is successful, the digital state bond will streamline processes and revolutionize bond trading in Israel. It will also inspire other countries and financial institutions to modernize their financial systems.
