Today the Israeli Ministry of Finance and the Tel Aviv Stock Exchange (TASE) announced plans for a proof of concept to issue government bonds using blockchain. Protocol developer VMWare and custody provider Fireblocks will be part of this Project Eden.
The project’s goal is to speed up and reduce the cost of issuance and clearing government bonds, with the added benefits of greater transparency and a reduction in risks.
The blockchain system will be developed by TASE and involve live tests with local and international banks, with settlement using digital currency in an Israeli state e-wallet.
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