TASE to create blockchain platform

Having gone public in 2019, the stock exchange said it would create a new publicly traded, but privately owned, holding company.

The Tel Aviv Stock Exchange (TASE) has announced it will re-vamp its ownership structure and create a crypto platform.

The new platform will enable further cryptocurrency trading to operate similarly to international standards.

The Israeli public stock exchange aims to create a new publicly traded holding company, which will own 100% of the bourse and eventually becoming a private firm. Any subsidiaries of the exchange will be units of the holding company.

TASE has been reportedly given the go-ahead but was waiting for its company shareholders and approval from the regulator before continuing.

As part of the stock exchange's five-year plan, it hopes to focus on organic growth that “brings in foreign investors through the expansion of international products traded and cleared”.

TASE chief executive Ittai Ben Zeev said: “We will leverage our home court advantage in Israel to adopt and develop fintech and position TASE as a hub of services and products”.

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Written by Isabella Aslam


Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

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