The Tel Aviv Stock Exchange (TASE) has published its five-year strategic plan between 2023 and 2027, aiming to develop a blockchain-based platform for facilitating cryptocurrency exchange services.
“TASE will promote the implementation of innovative technologies, including DLT, tokenizing of various classes of digital assets and smart contracts,” the press release of the stock exchange stated.
“TASE intends to examine multiple potential action plans, including conversion of existing infrastructure to innovative technologies, deployment of innovative technologies into specialized platforms, offering a basket of services and products for digital assets and more.”
The exchange’s interest in decentralized technology could be seen from its partnership with Israel’s Ministry of Finance for testing a blockchain -based digital bond trading platform. It, along with other central banks, joined the Bank for International last month to test central bank digital currencies for international retail and remittance payments.
Strategic Plans
The exchange will further boost its organic growth, aiming at a 10 to 12 percent revenue rise, and reinforce its international profile. In addition, it plans to bring in international investors by expanding global products traded and cleared on the Israeli exchange.
Moreover, it will strengthen its liquidity strategy and the derivatives market by relaunching futures. Additionally, it will upgrade the distribution channels for existing investors, aligning them with international standards. Moreover, the Israeli exchange plans to bring to the over-the-counter (OTC) markets through the development of systems for the clearing and reporting OTC transactions.
Moreover, TASE will focus on developing and marketing technology services aimed at small and medium-sized exchanges.
“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; the plan anticipates the needs of the market and takes the development and management of innovative services and products to the next level; 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,” said the CEO of TASE, Ittai Ben Zeev.
“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.”
The Tel Aviv Stock Exchange (TASE) has published its five-year strategic plan between 2023 and 2027, aiming to develop a blockchain-based platform for facilitating cryptocurrency exchange services.
“TASE will promote the implementation of innovative technologies, including DLT, tokenizing of various classes of digital assets and smart contracts,” the press release of the stock exchange stated.
“TASE intends to examine multiple potential action plans, including conversion of existing infrastructure to innovative technologies, deployment of innovative technologies into specialized platforms, offering a basket of services and products for digital assets and more.”
The exchange’s interest in decentralized technology could be seen from its partnership with Israel’s Ministry of Finance for testing a blockchain -based digital bond trading platform. It, along with other central banks, joined the Bank for International last month to test central bank digital currencies for international retail and remittance payments.
Strategic Plans
The exchange will further boost its organic growth, aiming at a 10 to 12 percent revenue rise, and reinforce its international profile. In addition, it plans to bring in international investors by expanding global products traded and cleared on the Israeli exchange.
Moreover, it will strengthen its liquidity strategy and the derivatives market by relaunching futures. Additionally, it will upgrade the distribution channels for existing investors, aligning them with international standards. Moreover, the Israeli exchange plans to bring to the over-the-counter (OTC) markets through the development of systems for the clearing and reporting OTC transactions.
Moreover, TASE will focus on developing and marketing technology services aimed at small and medium-sized exchanges.
“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; the plan anticipates the needs of the market and takes the development and management of innovative services and products to the next level; 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,” said the CEO of TASE, Ittai Ben Zeev.
“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.”
FAQs
The Tel Aviv Stock Exchange (TASE) has published its five-year strategic plan between 2023 and 2027, aiming to develop a blockchain-based platform for facilitating cryptocurrency exchange.
What is the Israeli crypto platform? ›
Bits of Gold is the largest cryptocurrency brokerage in Israel. Based in Tel Aviv, the exchange offers the bitcoin/New Israeli Shekel trading pair. Bits of Gold is the first company in Israel to issue a license authorized by the Ministry of Finance for trading in virtual currencies, which was granted in July 2013.
What is the name of the Tel Aviv Stock Exchange? ›
Tel Aviv Stock Exchange Ltd. (TASE) operates as a stock exchange in Israel.
Can you trade crypto in Israel? ›
In Israel, individuals are permitted to exchange cryptocurrency for the local fiat currency (NIS). There are currently no cryptocurrencies that are backed by the Israeli government or a central bank.
What is the world's largest crypto trading platform? ›
Binance. Binance is hands-down the world's largest crypto exchange by trading volume, with tens of billions of dollars worth of crypto traded each day and access to over 350 cryptocurrencies.
What is the name of the Israeli spy network? ›
Mossad, (Hebrew: “Central Institute for Intelligence and Special Operations”), one of the three major intelligence organizations of Israel, along with Aman (military intelligence) and Shin Bet (internal security). The Mossad is concerned with foreign intelligence gathering, intelligence analysis, and covert operations.
What is the offshore platform in Israel? ›
The Tamar field is an offshore gas field located in the Levantine basin of the Eastern Mediterranean Sea, Israel. Noble Energy was the original operator of the field until Chevron acquired the company in 2020.
Is Tel Aviv Stock Exchange regulated? ›
About TASE
As TASE is the only securities exchange in Israel, where access to it is protected by high regulation and the need for reliable technological infrastructure, Israeli companies and the Israeli government rely on TASE's markets for capital and liquidity.
What currency does the Tel Aviv Stock Exchange use? ›
Tel Aviv Stock Exchange
| Owner | 15 banks and 11 investment houses |
| Key people | Arik Steinberg, Chairman Itai Ben-Zeev, CEO |
| Currency | New Israeli Shekel |
| No. of listings | 473 companies listing equities 901 series of corporate bonds 204 series of government bonds 416 index-tracking products 1,231 mutual funds |
22 more rowsAbout Tel Aviv Stock Exchange Ltd (TASE. TA)
Coinbase is not currently supported in Israel due to regulatory restrictions. Coinbase operates in a highly regulated industry and must comply with the laws and regulations in each jurisdiction where it operates.
Can I use Etrade in Israel? ›
Expanded brokerage services for Israeli residents
We are pleased to announce expanded securities brokerage services for Israeli residents through our affiliate, E*TRADE Israel. Accessible in both English and Hebrew, E*TRADE Israel offers financial information, account management and trading in U.S.-traded securities.
How to buy ethereum in Israel? ›
Buy Ether in Israel
- Bank Transfer.
- Neteller.
- Volet.com.
- Payeer.
- Perfect Money.
- Amazon Gift Card.
- Voucher Code.
- Mobile top-ups.
That's more than double the $37 billion in collective crypto billionaire wealth last year. For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto's wealthiest person.
What platform do most crypto traders use? ›
- Coinbase. ...
- Kraken. ...
- Crypto.com. ...
- Gemini. ...
- Bitstamp. Best for: Traders looking for the lowest fees across the board. ...
- Bittrex. Best for: Traders in the US who need a secure platform. ...
- CEX.IO. Best for: Beginner and experienced traders. ...
- Changelly. Best for: Traders who want fast crypto exchanges.
According to Triple-A, Here are the top 10 countries with the highest rates of crypto ownership in 2023.
- United Arab Emirates (UAE) With 30.4% of its population owning cryptocurrencies, the UAE leads the pack in crypto adoption. ...
- Vietnam. ...
- United States (U.S.)
- Iran.
- Philippines.
- Brazil.
- Saudi Arabia.
- Singapore.
Coinbase is not currently supported in Israel due to regulatory restrictions. Coinbase operates in a highly regulated industry and must comply with the laws and regulations in each jurisdiction where it operates.
Is Fireblocks an Israeli company? ›
Fireblocks, a startup that provides traditional institutions with a secure infrastructure for moving, storing, and issuing digital assets, raised $310 million in Series D funding on July 27. This was the highest amount raised by an Israeli company in July, which continued this year's strong investment streak.
What coin does Israel use? ›
The Israeli national currency is the new Israeli Shekel (NIS or ILS), more commonly known as the shekel. The shekel is divided into 100 agurot (agura in singular).
What exchange is used in Israel? ›
The sheqel (plural: sheqalim) is divided into 100 agorot. Israel's current monetary system, based on the New Israeli Sheqel (NIS), was established in 1985, when the old sheqel was replaced at a rate of 1,000 old sheqalim to 1 new sheqel (NIS 1).
