Tel Aviv Stock Exchange Partners With Fireblocks to Provide Crypto Opportunities

The Tel Aviv Stock Exchange (TASE) inked a deal with the crypto custodian Fireblocks to offer “a comprehensive range of innovative and secure digital asset products and services.” 

Israel’s only public stock exchange labeled the partnership as “crucial in the new era of innovation” since it could boost the future advancement of the cryptocurrency sector across the globe. 

  • The TASE revealed that the collaboration with Fireblocks builds upon “the resounding success” of Project Eden: an initiative supported by the Israeli Ministry of Finance, which saw the issuance of a government digital bond on a dedicated blockchain platform. 
  • The stock exchange has now decided to dive even deeper into the world of crypto by offering various digital asset services and products to local consumers.

“TASE will be able to provide institutional-grade digital asset solutions for regulated entities, leveraging the most advanced technology, experience, and work processes from traditional markets, while ensuring necessary protection,” the statement reads.

  • The entity’s partner in the move is the popular blockchain security service provider Fireblocks. Orly Grinfeld – EVP Head of Clearing at TASE – believes the cooperation represents a “monumental leap forward in the global digital assets landscape.”

“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,” she added.

  • The stock exchange went further, claiming the partnership could “unlock the full potential of digital assets within a secure, transparent, and regulated ecosystem” by combining the TASE’s market presence and Fireblocks’ “state-of-the-art technology.”
  • The entity has previously displayed ambitions to allow customers of its non-banking members, such as brokerage firms, insurance organizations, exchanges, and venture capitalists, to trade cryptocurrencies. 
  • The TASE reminded about the catastrophic events in 2022 which undermined the entire digital asset sector. As such, its proposal was focused on enhanced investor protection.

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