Home Business Israel Eyes Government Bond Issuance Using Blockchain Technology

Israel Eyes Government Bond Issuance Using Blockchain Technology

A Tel Aviv Stock Exchange signal is seen in Tel Aviv, Israel

The Tel Aviv Stock Exchange (TASE) said on Wednesday that Israel’s government is preparing to issue government bonds using a blockchain technology platform.

TASE said that the implementation of advanced technologies such as blockchain will reduce costs, shorten the period for issuance and clearing of government bonds, improve transparency and reduce risk.

The issuance is still in the planning stage and the Ministry of Finance and TASE are investigating an application for the sale of digital government bonds on a blockchain platform.

Israel’s Accountant General and TASE said they were inspired by developments in financial markets in recent years, including using blockchain distributed ledger technology (DLT) as well as the issuance of central bank digital currencies.

As part of a pilot issuance, local and foreign banks will participate in a live test and will be connected to a dedicated blockchain system that will be developed by TASE and private companies. The issue will eventually be in digital currency and transferred to an electronic wallet.

RELATED ARTICLES

Ashneer Grover, Madhuri Jain summoned in legal battle with BharatPe

<!-- -->Ashneer Grover resigned from BharatPe in March. (file)New Delhi: The Delhi High Court today issued summons to former BharatPe MD Ashneer Grover...

Air India’s $400 million upgrade includes premium economy area

<!-- -->Air India said it has engaged JPA Design to assist with the cabin interior design. (File)Mumbai: Full-service carrier Air India today said...

Inox GFL Group raises Rs 1,500 crore, moves towards zero net debt

<!-- -->Rs 740 crore was raised through the IPO of Inox Green Energy Services. (File)Noida: Inox GFL Group on Thursday said it has...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Sukhoi, Mirage fighter jet crash near Gwalior, 1 pilot killed

<!-- -->Videos shot by locals in Morena showed the wreckage of the plane lying on the ground.Bhopal: Two Indian Air Force fighter jets -...

The lover sneaked to her house to meet her, the villagers caught them and got them married

Two people in love cannot stay away from each other. Now that mobile phones have arrived, both are constantly in touch with each...

U19 Women’s T20 WC: India To Face England In Title Clash On Sunday | cricket news

The first-ever final at an ICC U19 Women's T20 World Cup will feature India battling England for the title at Senwes Park, Potchefstroom on...

Screening of Shah Rukh Khan’s DDLJ and Pathan together in Mumbai, fans said – If you don’t get tickets for one, then look for...

read on the appPathan's craziness is raising his head on the people. This can be ascertained from the fact that the film is...

Recent Comments