The Tel Aviv Stock Exchange (TASE) has announced a strategic partnership with Fireblocks, an enterprise platform for managing digital asset operations. Through this collaboration, TASE plans to expand its range of innovative and secure digital asset products and services, aligning with its new strategic plan.
With Fireblocks’ technology, TASE aims to offer regulated entities institutional-grade digital asset solutions, including crypto custody services. This move comes as governments and financial markets worldwide are increasingly looking to integrate digital assets and blockchain technology into their operations.
Orly Grinfeld, EVP Head of Clearing at TASE, expressed excitement about the partnership, stating that it represents a significant step forward in the global digital assets landscape. TASE aims to revolutionize the industry and the local capital market by delivering secure, regulated, and innovative digital asset solutions. By utilizing Fireblocks’ advanced technology, TASE believes it can lead the charge into a future where the possibilities for digital assets are boundless.
This strategic partnership follows the successful completion of the Proof-of-Concept (PoC) phase for Project Eden, a blockchain-based digital bond system created as part of the Israeli government’s efforts to modernize the country’s financial markets. The go-live event for Project Eden brought together prominent local and international banks, marking an important milestone in the adoption of blockchain technology in the financial sector.
Michael Shaulov, co-founder and CEO of Fireblocks, referred to Project Eden as one of the most exciting and groundbreaking digital asset use cases to date. He believes that the digital asset products and services explored by TASE will play foundational roles in the future of Israel’s economy. Fireblocks is excited to provide the necessary infrastructure support and international expertise to bring these offerings to the market.
TASE and Fireblocks are focused on creating a secure, transparent, and regulated ecosystem by merging innovative solutions, traditional finance, and a regulated framework. By combining TASE’s experience and market presence with Fireblocks’ state-of-the-art technology, the collaboration aims to open new frontiers in tokenizing various assets, creating new markets, and presenting unparalleled growth opportunities for both TASE and the local capital markets.
Fireblocks, known for helping institutions develop their digital offerings, has assisted over 50 major financial institutions with their digital asset platforms. By adding support for cloud service providers like Amazon Web Services, Google Cloud Platform, Alibaba Cloud, Thales, and Securosus, Fireblocks aims to facilitate banks and financial institutions in quickly bringing their digital asset initiatives into production while meeting risk, compliance, and regulatory requirements.
This strategic partnership between TASE and Fireblocks highlights the increasing interest in the digital asset sector and the role that blockchain technology can play in transforming financial markets. TASE’s push towards offering institutional-grade digital asset solutions further contributes to the ongoing digital revolution in the global financial industry.
