International

Israel to issue world first digital government bond

Published on 13 Jun 2023

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Israel to issue world first digital government bond
  • The Tel Aviv Stock Exchange (TASE) and Israel’s Ministry of Finance have completed the proof of concept phase for a digital Israeli bond traded on a dedicated blockchain platform.
  • The development positions Israel to release the world’s first digital government bond.
  • The collaboration between the TASE and the Finance Ministry’s Office of the Accountant General “marks a significant milestone in revolutionizing the settlement and issuance processes in traditional capital markets.
Source: SarkariPariksha