© Reuters
Investing.com – Blockchain-based technology is so revolutionary that traditional financial markets cannot help but embrace technological advancement. While there are already various traditional investment products for investing in digital assets, banks but also stock exchanges are increasingly preparing for the changing needs of their customers.
The Tel Aviv Stock Exchange (TASE) will develop its own blockchain platform by 2027 and integrate it into its day-to-day operations. In addition to trading digital assets, it will also be possible to trade digital government bonds. Regarding the latter, the Israeli Ministry of Finance and the Tel-Aviv Stock Exchange have already announced that cooperation will be set up in this area.
In addition to the new service offer, it is not excluded that participations are taken in foreign stock exchanges in order to strengthen cooperation. TASE CEO Itai Ben-Zeev said:
“The next five years will be a critical window for the Israeli Stock Exchange to not miss the technological revolution that capital markets are experiencing worldwide.”
By Marco Oehrl