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Tel Aviv Stock Exchange to Launch Blockchain Securities Platform

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  • Tel Aviv Stock Exchange to Launch Blockchain Securities Platform

    Israel will have its first central securities lending platform this November, built on blockchain technology.

    The Tel Aviv Stock Exchange (TASE) plans to launch its blockchain-based securities lending pool in November.

    In an announcement on July 28, TASE said the platform will serve an essential function in the country’s capital markets, which currently lack a central system for securities lending.

    Contrary to the current set-up —— which fails to meet the needs of investors, in TASE’s view — the new blockchain-based system will concentrate all securities lending activities under one roof and enable direct borrowing among investors across a range of major financial instruments.

    Tried and tested

    In March of this year, TASE launched a dedicated testing environment for the platform, allowing members to execute loan transactions. Drawing on these results, the exchange is adjusting its systems in the run-up to November.

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