Tel Aviv Stock Exchange Partners With Fireblocks For Digital Asset Offerings
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The Tel Aviv Stock Exchange has secured a strategic deal with enterprise platform Fireblocks. The deal seeks to empower the exchange in providing a wide range of innovative and safe digital asset products and services as part of its new strategic plan.
Tel Aviv Stock exchange partners with Fireblocks
Through this partnership, it will be possible for TASE to provide access to institutional-grade digital assets solutions for regulated firms. The partnership is also strategic, as it will foster a new wave of innovation and transformative capabilities in the digital industry.
The EVP Head of Clearing at TASE, Orly Grinfeld, said, “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. 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.”
The exchange also said that this initiative is inspired by Project Eden’s success, a revolutionary project created through a partnership between the Tel Aviv Stock Exchange and the Israeli Ministry of Finance. The two institutions worked together for a government digital bond on a dedicated blockchain network.
The co-founder and CEO at Fireblocks, Michael Shaulov, also said that banks and financial firms had trusted the enterprise platform globally to bring digital asset strategies into the production process. The Tel Aviv Stock Exchange will offer digital asset products and services that will explore the foundational functions of the future of the Israeli economy.
Reshaping the future of finance
The Tel Aviv Stock Exchange and Fireblocks will work together to pursue the future of finance while setting a new standard for the global digital assets industry. The partnership will also bring together visionary thinking, transformative technology, and a commitment toward regulatory compliance.
The Tel Aviv Stock Exchange said that the digital assets space faced many challenges because of a lack of maturity in several proposed solutions or knowledge and experience. It also noted that now was an ideal time to combine traditional finance, innovative solutions, and a regulated framework.
The Tel Aviv Stock Exchange plans to reshape the future of finance by leveraging the strengths of the exchange and Fireblocks. The companies will also unlock the potential of digital assets by operating within a secure, transparent, and regulated ecosystem.
Tel Aviv Stock Exchange is one of the leaders in the finance industry with an understanding of the need to evolve and be at the forefront of innovative solutions. The partnership with Fireblocks shows that the exchange is committed to driving innovation within a regulated ecosystem.
Earlier this year, the Tel Aviv Stock Exchange said it planned to allow the clients of non-banking members to trade cryptocurrencies. The announcement happened amid turmoil across the cryptocurrency industry that raised the attention of numerous regulators.
