The stock market is “getting into cryptocurrencies” and will explore the technology that underpins the digital asset market.
stock trading Tel Aviv (TASE)Israel’s only publicly traded platform, is looking to build a Digital asset trading platform Blockchain-based, according to the published strategy document.
TASE is looking for a way “Facilitating the Deployment of Innovative Technologies” and will explore using Distributed Ledger (DLT) For record keeping, encryption and smart contracts to improve existing market infrastructure and supply “Digital Asset Products and Services”.
Itai CEO Ben-Zeev says the next 5 years are important opportunity The Israel Stock Exchange integrates into the technological revolution that the global capital markets are undergoing.
Israeli regulators and lawmakers are also concerned Encouraging crypto activity managed domestically.
Earlier this year, the country’s capital markets regulator issued its first license to a crypto service provider, which TASE is working with the Ministry of Finance to issue digital bond Based on blockchain.
The strategy to incorporate cryptocurrencies into TASE is one of them “Seal of Approval” for electronic money.
“The inefficiencies of the existing system must be compensated through transparency, digitization and faster resolution. Every traditional company, public or private, must now better understand the impact of blockchain technology on its business model influences.”said Samosa.
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