The sole publicly traded stock exchange in Israel, the Tel-Aviv Stock Exchange (TASE: TASE), unveiled its new strategy plan for the years 2023–2027. The board of directors of the stock exchange gave its approval to the idea.
Creating a platform for digital assets using blockchain (DLT) and venturing into crypto was one of the four strategic objectives outlined.
According to the statement, TASE will support the adoption of cutting-edge technologies, including DLT, tokenization of various classes of digital assets, and smart contracts, with the following details:
“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.”
TASE CEO Ittai Ben-Zeev said, The plan anticipates market needs and advances the development and management of innovative services and products.
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.”
The next five years represent a crucial window of opportunity for TASE to actively participate in the global financial markets’ technology transformation.
Utilizing this exceptional chance for growth and expansion of its activity, TASE will also increase the activity of the local capital market to match Israel’s economic strength and worldwide activity.
