Tel Aviv Stock Exchange and Fireblocks Team Up to Pioneer Digital Asset Services

August 03, 2023 - The Tel Aviv Stock Exchange has inked a strategic deal with Fireblocks, a platform specialising in digital asset operations and blockchain business development. The collaboration enables TASE to offer a wide range of secure, innovative digital asset products and services, aligning with the exchange's fresh strategic vision. This move positions TASE to provide institutional-quality digital asset solutions for regulated entities, marrying advanced technology and experience from traditional markets with necessary safeguards.

Orly Grinfeld, EVP Head of Clearing at TASE, stated, "The partnership between TASE and Fireblocks 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. 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 partnership builds on the success of Project Eden, an initiative where TASE and the Israeli Ministry of Finance joined forces to issue a government digital bond on a unique blockchain platform. Project Eden highlighted these institutions' pioneering spirit, setting the groundwork for continued collaboration and commitment to driving the digital assets revolution.

Michael Shaulov, Co-founder and CEO of Fireblocks, said, "With Project Eden, our work with TASE has been one of the most exciting and ground-breaking digital asset use cases to date. Fireblocks is proud to be trusted by some of the most recognized banks and financial institutions in the world such as TASE to bring their digital asset strategies to production. The digital asset products and services that TASE is exploring will no doubt play foundational roles in the future of Israel's economy and Fireblocks is excited to have the opportunity to provide the right infrastructure support and international expertise to bring these offerings to market."

The convergence of TASE's established market presence with Fireblocks' cutting-edge technology is expected to break new ground in tokenizing assets, thereby creating new markets and unlocking unprecedented growth opportunities for TASE and the local capital markets.