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Israel successfully tests world's first digital government bond

By D. Belyaev
June 7, 2023

Israel successfully tested the world's first digital government bond

In a few years, the information component of the capital market will be completely different, and our task is to become leaders in this transformation.

The Tel Aviv Stock Exchange (TASE) and the Israeli Ministry of Finance on Tuesday successfully completed the testing phase of Israel's digital bonds traded on a special blockchain platform. This development allows Israel to soon issue the world's first digital government bond. In addition, a unique digital payment token was also presented, which is used in the settlement process.The test launch of the Israeli digital bond itself was carried out on May 31 with the participation of such international financial leaders as Barclays, Goldman Sachs, First International Bank, JP Morgan, Merrill Lynch and Israeli banks.According to project participants, the joint work of TASE and the Office of the General Accountant of the Ministry of Finance "is an important step towards transforming the settlement and issuance processes in traditional capital markets."

According to TASE CEO Itay Ben-Zeev: “In a few years, the information component of the capital market will be completely different, and our task is to become leaders in this transformation.”

This news, as well as the opinion of most financial experts that the Israeli economy is waiting for a gradual growth, indicates that the Almighty, Who revives everything in the world, always takes care of material and spiritual benefits for his beloved people - the people of Israel. The digitalization of banknotes, bonds and other financial assets also hints at the speedy revelation of the righteous King Moshiach, the Lubavitcher Rebbe SHLITA with the onset of true and complete Liberation in goodness and mercy, until the moment comes when material wealth will be in such abundance that the Jewish people will not have to work to earn a living, and the Almighty will provide his people with everything necessary.

Source: https://moshiach.ru/view/economics/22931.html