The Tel Aviv Stock Exchange (TASE) is set to launch a new platform that will be dedicated to digital currencies, expanding its influence in the emerging industry.

according to a Press release issued by the exchange, the program will start in 2023 and is expected to run until 2024.

The creation of the digital assets platform is one of the creative avenues by which TASE wants to fully embrace blockchain-based innovations, including associated technologies ranging from smart contracts and distributed ledger technologies (DLT), among others.

“We see in the next five years a critical window of opportunity for the Israel Stock Exchange’s integration into the technological revolution that the world’s capital markets are going through,” said Itai Ben-Zeev, CEO of the exchange, in the statement. The development of the strategy will start in 2023.

Israel occupies a very important position in the evolution of the digital currency ecosystem, as many talents are bred in the country, as well as some of the most prominent solution providers, one of the most prominent being StarkWare.

By laying a foundation for cryptocurrency-related innovations to gain more recognition, TASE hopes to “strengthen the stock exchange’s international profile and cooperation,” adding that it believes “these services and collaborations may include buying shares.” in stock markets”. .”

Israel has been proactive in bringing proper regulation to the digital currency ecosystem in recent years. following the issuance of the draft regulation in matters of Prevention of Money Laundering (AML) by the Bank of Israel in March, Bits of Gold, one of the crypto companies operating in the country was granted a license to operate last month.

Israel’s latest moves show how much its new pro-crypto stance is working out favorably for all stakeholders in the country.

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