Israel Tests Blockchain-Based Digital Bonds

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Israel Finance Ministry has been Preparing for live testing of its tokenized digital bonds.

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Israel Finance Ministry alongwith the Tel Aviv Stock Exchange (TASE) will conduct the testing of a blockchain-backed platform for digital bonds.

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For this project, the Israeli government and TASE are partnering with digital asset infrastructure firms Fireblocks and VMWare to perform live testing.

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The pilot project is expected to be completed by the end of Q1 2023.

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The project aims to streamline processes, reduce costs and shorten the duration of issuance and clearing of state bonds.

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In 2018, the World Bank alongwith the Commonwealth Bank of Australia had raised $110 million for two-year blockchain bonds

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In 2021, the European Investment Bank followed the path by issuing 100 million euros in digital bonds.

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