Tel Aviv Stock Exchange to Establish a Digital Asset Platform26. October 2022
The Tel Aviv Stock Exchange (TASE) has published its new strategy for the years 2023-2027, including plans to venture into cryptocurrencies and create a new blockchain-enabled digital asset platform.
The bourse says it will promote the implementation of innovative technologies such as distributed ledger technology and the tokenising of digital assets and smart contracts.
TASE also plans to upgrade its digital and distribution channels, export its proprietary knowhow to foreign exchanges, and increase its revenue CAGR by 10% to 12% over the next five years.
To this end, TASE will take the bourse private and create a new publicly-traded holding company that will own 100% of the private firm, with its subsidiaries becoming units of the new holding company.
“The next five years are a critical window of opportunity for TASE to play an active role in the technological revolution of the global capital markets.
We will leverage our home court advantage in Israel to adopt and develop fintech and position TASE as a hub of services and products,”
said Ittai Ben Zeev, CEO of TASE.
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