Israel issues world's first digital bond
| Published date | 06 June 2023 |
| Author | Aharon Katz |
| Publication title | Globes (Rishon LeZion, Israel) |
The new instrument, according to the bodies involved, demonstrates the immense potential of innovative technologies such as DLT, smart contracts, and tokenization in reducing risk, shortening procedures and improving efficiency and transparency in the financial markets. This joint endeavor marks a significant milestone in revolutionizing the settlement and issuance processes in traditional capital markets
Ministry of Finance Accountant General Yali Rothenberg said, "This is the first trial of its kind in the world, allowing the transfer of money, immediately and in real time instead of through the current slow way."
For the trial, a special...
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