The Israeli Ministry of Finance and the Tel Aviv Stock Exchange will pilot the issuance of digital government bonds.
The Israeli Ministry of Finance and the Tel Aviv Stock Exchange (TASE) are partnering with VMware and Fireblocks to "perform a Proof of Concept (PoC) of the clearing of digital bonds of the State of Israel on a new platform for the trading and clearing of digital assets. The new platform is based on innovative technologies - Blockchain (Distributed Ledger Technology - DLT), Smart Contracts and Tokenization."
The project includes the digitalization of a new series of bonds and its issuance to pilot participants. A "live test" will occur using "a dedicated Blockchain system that will be developed by TASE and the select technology vendors. The acquired units of the new series will be issued into the e-wallets of the pilot participants. The issuance consideration, in digital currency, will be transferred from the e-wallets of the participants to a dedicated e-wallet by the State of Israel."
More details are available in this press release from the Tel Aviv Stock Exchange.