Tel Aviv Stock Exchange boosts digital asset opportunities with Fireblocks

This builds upon Project Eden, an initiative in which TASE and the Israeli Ministry of Finance partnered to issue a government digital bond on a blockchain platform

The Tel Aviv Stock Exchange (TASE) has partnered with Fireblocks to offer a range of digital asset products and services.  

New York-based Fireblocks provides a platform for users to create blockchain-based products and manage digital assets. 

The deal will provide a chance to tokenise various assets, create new markets, and present growth opportunities for both TASE and the local capital markets, TASE said in a press release.  

This builds upon Project Eden, an initiative in which TASE and the Israeli Ministry of Finance partnered to issue a government digital bond on a blockchain platform. 

Orly Grinfeld, executive vice president of head of clearing at TASE, thinks the deal represents a leap forward in the global digital assets space. 

Grinfeld said: “We are unwavering in our pursuit of revolutionising the industry and the local capital market, and this collaboration epitomises our dedication to delivering secure, regulated, and innovative digital asset solutions.  

“By harnessing the power of Fireblocks’ advanced technology, we are poised to lead the charge into a future where the possibilities for digital assets are boundless.” 

Michael Shaulov, co-founder and chief executive officer of Fireblocks, is excited about the project.  

He said: “Fireblocks is proud to be trusted by some of the most recognised 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.  

“Fireblocks is excited to have the opportunity to provide the right infrastructure support and international expertise to bring these offerings to market.” 

Image: © Oren Kfir via Canva

Josh Poyser Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.