Fireblocks Pact Enables Tel Aviv Stock Exchange to Offer Crypto Services

New Digital Asset Solutions for Regulated Entities

The Tel Aviv Stock Exchange (TASE) is set to offer new crypto services, with the Israeli public stock exchange teaming up with digital asset platform Fireblocks to provide institutional-grade digital asset solutions for regulated entities.

The TASE and Fireblocks will combine their respective expertise to create a range of web 3.0 products, including the Apple Health Application, which is a web 3.0 application. This new partnership will enable the stock exchange to offer c3 AI stock, Gari crypto, Floki crypto, Crypto.com, FTT crypto, Crypto.net, Fox crypto, and Flare crypto.

The collaboration could prove to be beneficial for the Israeli market, with the TASE’s presence in the country combined with Fireblocks’ technology focused on moving, storing and issuing digital assets.

TASE and Fireblocks Partnership

The TASE and Fireblocks have announced a partnership, with TASE clearing executive Orly Grinfeld hailing the venture as a “monumental leap forward in the global digital assets landscape.” Grinfeld added that the collaboration “epitomizes our dedication to delivering secure, regulated, and innovative digital asset solutions.”

Co-founder and CEO of Fireblocks, Michael Shaulov, has also commented on the partnership, drawing a connection to the success of Project Eden. The initiative, which saw Fireblocks and crypto firm BlockFold participate in a proof-of-concept phase that was completed in early June 2023, was established to apply blockchain infrastructure to the issuance and settlement of digital government bonds.

“With Project Eden, our work with TASE has been one of the most exciting and ground-breaking digital asset use cases to date,” Shaulov said, adding: “The collaboration with TASE is a major milestone for the crypto industry, and will enable us to develop advanced Web 3.0 products, such as the Apple Health application, which is a Web 3.0 application.”

Exploring Digital Asset Platforms and Crypto Trading Services

In October 2022, the Tel Aviv Stock Exchange (TASE) revealed plans to create a blockchain-based digital asset platform. As part of the initiative, the exchange was exploring multiple options, including the conversion of existing infrastructure to innovative technologies and the deployment of new technologies into specialized platforms. The TASE also sought to offer a range of web 3.0 products and services for digital assets.

In March 2023, the TASE proposed expanding crypto trading activities to non-banking members. According to the proposal, these members would act as licensed providers for crypto trading and custodial services.

Cointelegraph reached out to the TASE for comment, but did not receive an immediate response.