2 November will see the live debut of Israel’s first central platform for securities lending, hosted by the Tel Aviv Stock Exchange (TASE). It builds on blockchain technology.

“The use of Distributed Ledger Technology (DLT) as the basis of this new trading platform will harness some of the blockchain’s primary advantages and features, such as direct peer-to-peer transactions, Smart Contract, and enhanced security through immutability,” the Tel Aviv Stock Exchange writes in its short news release

“All of these are expected to benefit TASE, its custodians and their clients by reducing costs, increasing security and enabling the market to exploit its full potential.”

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A testing environment is said to have been in place since March, to let TASE members get ready. The exchange expects the central platform to enable direct lending among “all the major financial instruments”, with larger volumes, shorter timeframes and operation of shorter terms.

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