Israel’s Stock Exchange Unveils Plan to Create Digital Asset Platform and Venture Into Crypto

Israel"s Stock Exchange Unveils Plan to Create Digital Asset Platform and Venture Into Crypto

The Tel-Aviv Stock Exchange, the only public stock exchange in Israel, has announced that it is entering the crypto space and creating a platform for digital assets. “The next five years are a critical window of opportunity for TASE to play an active role in the technological revolution of the global capital markets,” said the CEO of the Tel-Aviv Stock Exchange. Tel-Aviv Stock Exchange Entering Crypto Space

The Tel-Aviv Stock Exchange (TASE: TASE), the only public stock exchange in Israel, announced Monday its new strategic plan for the years 2023-2027. The plan was approved by the stock exchange’s board of directors.

One of the four strategic goals listed was “Creating a platform for digital assets using blockchain (DLT) and venturing into crypto.”

The announcement details, “TASE will promote the implementation of innovative technologies, including DLT, tokenizing of various classes of digital assets and smart contracts,” elaborating: TASE intends to examine multiple potential action plans, including conversion of existing infrastructure to innovative technologies, deployment of innovative technologies into specialized platforms, offering a basket of services and products for digital assets and more.

Ittai Ben-Zeev, CEO of TASE, commented: “The plan anticipates the needs of the market and takes the development and management of innovative services and products to the next level.” He continued. “We will not only partake in the change but aim to spearhead it; we will leverage our home court advantage in Israel to adopt and develop Fintech and position TASE as a hub of services and products.”

The TASE CEO emphasized: The next five years are a critical window of opportunity for TASE to play an active role in the technological revolution of the global capital markets.

Ben-Zeev concluded: “TASE will also build up the local capital market’s activity to match Israel’s economic strength and global activity, utilizing this unique opportunity for growth and expansion of its activity.” Tags in this story israel"s stock exchange, israel"s stock exchange crypto, TASE, TASE crypto, TASE crypto platform, TASE cryptocurrency, Tel Aviv Stock Exchange, Tel-Aviv Stock Exchange crypto, Tel-Aviv Stock Exchange cryptocurrency, Tel-Aviv Stock Exchange digital assets

What do you think about the Tel-Aviv Stock Exchange entering the crypto space? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Binance Obtains Registration as Crypto Service Provider in Cyprus EXCHANGES | 3 days ago Fidelity"s Crypto Platform Prepares to Start Offering Ethereum Trading Next Week EXCHANGES | 3 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleJPMorgan Chase President: Fed Isn’t Too Hawkish and Crypto Is ‘Kind of Irrelevant’ Next articleSecondary Sales Volume Tied to Reddit’s Collectible NFT Avatars Surges Crossing $5 Million Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand"

Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin