• The Tel Aviv Stock Exchange (TASE) is partnering with Fireblocks to expand its cryptocurrency offerings and secure institutional-grade services.
• This partnership will enable TASE to offer digital asset solutions, advance its Project Eden initiative through blockchain technology, and provide wallet security, portfolio management, and decentralized finance access for institutional investors.
• Israel has been dedicated to blockchain development for the past ten months and is committed to providing enhanced industry regulations to protect consumers against potential risks.
Israel-Based Bourse Teams Up with Fireblocks
The Tel Aviv Stock Exchange (TASE) announced a partnership with Fireblocks on August 1st in order to expand its regulated cryptocurrency offerings and secure institutional-grade services. This collaboration is aimed at enabling TASE to offer digital asset solutions, advancing its Project Eden initiative through blockchain technology, and providing wallet security, portfolio management, and decentralized finance access for institutional investors.
Project Eden Initiative
Project Eden is a government digital bond initiative via blockchain technology that aims to transform current infrastructure or create new platforms for the purpose of issuing digital bonds over the blockchain. Through this collaboration between TASE and Fireblocks, NBMs (non-bank institutions) will be allowed to provide crypto trading and custody services which will increase market reach as customers can now deposit funds into designated accounts linked directly to NBMs for cryptocurrency trading.
Enhanced Industry Regulations
The global cryptocurrency industry has experienced numerous cases of bankruptcy which has emphasized the need for enhanced industry regulations in order to protect consumers against potential risks. The United States Securities and Exchange Commission has sued both Binance and Coinbase while MiCA has been introduced in Europe as an effort towards precise regulation. Therefore it is clear that Israel is dedicated towards providing such protection as well as expanding their range of services in the sector by teaming up with Fireblocks recently.
Fireblocks Integration with Metamask Institutional
Fireblocks have also integrated with Metamask Institutional which provides additional securities such as wallet security along with portfolio management and decentralized finance access specifically tailored towards institutions investors/traders worldwide. As a result of these integrations there are now several avenues open for Israeli citizens when it comes to investing their money in cryptocurrencies securely without having any apprehensions about losses from potential cyberattacks or malicious actors within the space itself.
It can be concluded from this article that Israel is pushing forward into the world of cryptocurrencies by taking serious steps towards safeguarding consumer investments through regulating the sector more closely while also teaming up with major players like Fireblocks who specialize in providing secure solutions tailored specifically towards institutional traders/investors worldwide which allows them greater flexibility when making decisions related to investing their money into cryptocurrencies securely without necessarily having reservations about losing it due cyberattacks or other malicious actors present within the space itself