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Tel Aviv Stock Exchange and Israeli Ministry of Finance Complete Proof-of-Concept for Blockchain-Based Digital Bond Platform

The Tel Aviv Stock Exchange (TASE) and the Israeli Ministry of Finance (MOF) have announced the successful completion of the Proof-of-Concept (PoC) phase for Project Eden, a blockchain-based digital bond system. The project was developed as part of the Israeli government's initiative to modernize the country's financial markets and showcase the potential of cutting-edge technologies like blockchain, smart contracts, and tokenization.

The TASE CEO, Ittai Ben Zeev, has stated that the success of TASE is heavily reliant on Project Eden and that the capital market data landscape will undergo a complete transformation in the coming years. The PoC was attended by prominent local and international institutions, and the MOF successfully issued and mined the inaugural "dummy digital governmental bond" on a blockchain-based platform.

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