Israel’s Tel Aviv Stock Exchange will launch a blockchain securities lending platform on November 2

The Tel Aviv Stock Exchange (TASE), Israel’s only stock exchange, announced that it will launch Israel’s central blockchain securities lending platform on November 2. There is currently no central securities lending platform in the Israeli market. At present, securities lending is executed within the bank group’s limit using the inter-bank mechanism, and when necessary, the bank group’s limit is additionally executed. The new platform will be based on distributed ledger technology (DLT) to support direct loans between all major financial instruments.