Today the Tel Aviv Stock Exchange (TASE) and the Israeli Ministry of Finance announced that their proof of concept Project Eden for issuing a blockchain government bond was successfully executed on May 31.
It included five Israeli banks – Bank Discount, Bank HaPoalim, Bank Leumi, Bank Mizrahi and First International Bank – as well as five globally systemically important banks – Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs and JP Morgan – and Merrill Lynch.
The stock exchange said the trial showcased the risk reduction, efficiencies and transparency enabled by the combination of DLT, smart contracts and tokenization.
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