The Israeli government and the Tel Aviv Stock Exchange (TASE) are preparing to issue a blockchain-based digital government bond.
Israel has also been involved in the developing crypto money ecosystem and Blockchain technology. With the Israeli government, TASE has partnered with companies Fireblocks and VMWare for a new digital government bond. The government, which wants to carry out the tests of the blockchain-based platform, will act according to the results.
Israel Will Build Blockchain-Based Platform
The Israeli Ministry of Finance has started working on a digital government bond. They carry out the preparations they carry out with TASE on the Blockchain network.
The government and TASE will operate via smart contracts for trading and transferring digital bonds. Considering supporting the network with tokenization transactions, the government will receive support from infrastructure firms Fireblocks and VMWare.
The test, which will be carried out in live environments, will run in the electronic wallet system. Users who buy digital government bonds will be able to trade with the help of this wallet created by the government. At the same time, the wallet will be released as a trusted platform for holding and storing bonds.
Explaining the purpose of this study, the government stated that it wanted to facilitate all government bond transactions. Thanks to the blockchain-based platform, faster and less costly bond trading will be carried out.
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