Tel-Aviv Stock Exchange (Israel’s sole public stock exchange) has declared that it plans to enter the cryptocurrency space, creating a platform for digital investments. “The next five years are a critical window of opportunity for TASE to play an active role in the technological revolution of the global capital markets,” said the CEO of the Tel-Aviv Stock Exchange.
Tel-Aviv Stock Exchange Entries Crypto Space
Tel-Aviv Stock Exchange, TASE:TASE), Israel’s sole public stock exchange, released Monday its new strategic plans for 2023-2027. The plan was approved by the stock exchange’s board of directors.
One of the four strategic goals listed was “Creating a platform for digital assets using blockchain (DLT) and venturing into crypto.”
The announcement details, “TASE will promote the implementation of innovative technologies, including DLT, tokenizing of various classes of digital assets and smart contracts,” elaborating:
TASE is looking at multiple options for action, such as conversion of infrastructure to new technologies and deployment of these technologies on specialized platforms. Also, TASE plans to offer a variety of digital products and services.
Ittai Ben-Zeev, CEO of TASE, commented: “The plan anticipates the needs of the market and takes the development and management of innovative services and products to the next level.” He continued. “We will not only partake in the change but aim to spearhead it; we will leverage our home court advantage in Israel to adopt and develop Fintech and position TASE as a hub of services and products.”
TASE CEO stressed:
TASE will have a crucial window of opportunity in the coming five years to participate actively in the technological revolution on the global capital market.
Ben-Zeev concluded: “TASE will also build up the local capital market’s activity to match Israel’s economic strength and global activity, utilizing this unique opportunity for growth and expansion of its activity.”
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