Government Of Israel And TASE Issue Blockchain-Based Digital State Bonds

The Government of Israel and TASE are working with digital asset infrastructure companies Fireblocks and VMWare to conduct live testing of a new blockchain platform that uses cryptographic and smart contracts for transactions and payments digital bonds.

Israel’s Ministry of Finance and the Tel Aviv Stock Exchange (TASE) are preparing to issue blockchain-based digital state bonds.

The goal of the government and TASE is to streamline processes, reduce costs, and shorten the time it takes to issue and clear government bonds.

The live test will see digital bond units issued to the redemption participants’ e-wallets, paid for in digital currency to be transferred to the Israeli government’s e-wallet.

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Victor

22 October 2022, 13:33:12 GMT +0000

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