Benzinga - The Tel Aviv Stock Exchange (TASE) has entered into a strategic partnership with digital assets platform Fireblocks to offer a wide array of secure and innovative digital asset products and services, including institutional-grade crypto custody solutions.
In a statement issued on Thursday, Fireblocks stated that the partnership intends to make capital markets more accessible to investors, diversify financial products available to the public, and enhance competition.
Orly Grinfeld, EVP Head of Clearing at TASE, said, "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."
The partnership builds on the success of Project Eden, a transformative initiative where TASE and the Israeli Ministry of Finance collaborated to issue a government digital bond on a dedicated blockchain platform.
Also Read: HashKey's New License Could Spark A Wave of Investment In Hong Kong's Digital Asset Sector
Michael Shaulov, co-founder and CEO of Fireblocks, said, "Fireblocks is proud to be trusted by some of the most recognized banks and financial institutions in the world such as TASE to bring their digital asset strategies to production. The digital asset products and services that TASE is exploring will no doubt play foundational roles in the future of Israel’s economy."
The collaboration between TASE and Fireblocks aims to redefine the future of finance and set a new standard for the global digital assets landscape.
TASE aims to unlock the full potential of digital assets within a secure, transparent, and regulated ecosystem.
The partnership also seeks to explore new frontiers in tokenizing various assets, creating new markets, and presenting opportunities for growth for both TASE and the local capital markets.
Read Next: Shiba Inu Unveils Security Enhancement With Decentralized Identity Verification
Join Benzinga's Future of Digital Assets in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!
Photo: Unsplash
Photo: Shutterstock
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.