JERUSALEM (JNS) – The Tel Aviv Stock Exchange (TASE) and Israel’s Finance Ministry have successfully completed the proof of concept phase for a digital Israel Bond traded on a dedicated blockchain platform, the TASE announced on Tuesday. The development positions Israel to release the world’s first digital government bond.
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The collaboration between the TASE and the Finance Ministry’s office of the Accountant General “marks a significant milestone in revolutionizing the settlement and issuance processes in traditional capital markets,” the TASE said.