Israel to issue govt bonds on blockchain platform for 1st time

The pilot issuance of digital government bonds will be conducted by the digital-asset technology companies VMware and Fireblocks, Xinhua news agency reported, citing the statement

As part of the issuance, leading international and local banks will participate in a live test, during which they will be connected to a dedicated blockchain system.

The new platform for the trading and clearing of digital assets, based on the innovative technologies of blockchain, smart contracts, and tokenization, will be developed by TASE and selected technology vendors.

The introduction of the new project is motivated by the developments in the financial markets in recent years, the statement said.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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