The Tel Aviv Stock Exchange (Tase) is expanding its offerings by entering the digital asset market through a partnership with vendor Fireblocks.
This strategic alliance will enable Tase to provide a range of institutional-grade digital asset products and services tailored for regulated entities. Despite the uncertain regulatory landscape surrounding digital assets, Tase aims to integrate advanced technology with the principles of traditional finance to foster growth in this sector.
Tase and Fireblocks have previously collaborated on a project with the Israeli Ministry of Finance, known as Project Eden, which involved issuing a government digital bond on a dedicated blockchain platform.
Orly Grinfeld, Executive Vice President and head of clearing at Tase, remarked, “The partnership between Tase and Fireblocks represents a monumental leap forward in the global digital assets landscape. We are unwavering in our pursuit of revolutionizing the industry and the local capital market, and this collaboration epitomizes our dedication to delivering secure, regulated, and innovative digital asset solutions.”
Additionally, Fireblocks, alongside partners Sygnum and Wyden, has established a partnership with Switzerland’s Luzerner Kantonalbank to offer crypto trading, custody, and transaction monitoring services to the bank’s customers by the end of the year.