Tel Aviv Stock Exchange Teams Up with Fireblocks for Crypto Solutions

The Tel Aviv Stock Exchange (TASE) has forged a partnership with crypto custodian Fireblocks, enabling the stock exchange to offer secure and advanced digital asset solutions for regulated entities. This collaboration is seen as a significant step in advancing the cryptocurrency sector globally. Through this strategic alliance, TASE intends to provide a comprehensive range of digital asset products and services, catering to institutional investors and ensuring compliance with regulatory requirements. The partnership builds on the success of Project Eden, which involved issuing a government digital bond on a dedicated blockchain platform with the support of the Israeli Ministry of Finance. The partnership with Fireblocks, a renowned blockchain security service provider, marks a milestone in the evolution of the global digital assets landscape. Orly Grinfeld, EVP Head of Clearing at TASE, emphasized the commitment to delivering secure and innovative digital asset solutions, enhancing investor protection and regulatory compliance. By leveraging Fireblocks' state-of-the-art technology and TASE's market presence, the collaboration aims to unlock the full potential of digital assets within a secure, transparent, and regulated ecosystem. The move aligns with TASE's goal of revolutionizing the local capital market and showcases its dedication to driving advancements in the industry. TASE's broader vision encompasses offering cryptocurrency trading opportunities to its non-banking members, such as brokerage firms, insurance organizations, exchanges, and venture capitalists. The initiative underscores the stock exchange's responsiveness to the evolving financial landscape and the growing demand for digital asset investments. The partnership between TASE and Fireblocks comes in the wake of challenges faced by the digital asset sector in 2022, underlining the importance of enhanced investor protection and regulatory compliance. By collaborating with a trusted partner like Fireblocks, TASE aims to set new standards for secure and regulated digital asset services. As TASE continues to embrace innovation and explore opportunities in the cryptocurrency space, the partnership with Fireblocks positions the stock exchange to play a pivotal role in shaping the future of digital asset trading and investment in Israel and beyond.