Israel moves to avail government bonds via blockchain

As per a report from Oct. 19, the Israel Ministry of Finance has partnered with VMware and Fireblocks to perform a proof of concept for issuing government bonds through blockchain to reduce costs and shorten the duration of issuance and clearing of government bonds. The new project is named “Eden” by the government. As revealed, the account general established the project through the Debt Unit in the financing division and the Tel Aviv Stock Exchange. Worth noting, the Proof of Concept project will incorporate the digitization of a new series of bonds and its disbursement to the system participants. Before the bonds can be issued, leading international and local banks must participate in a “live test.”