Tel Aviv Stock Exchange plans blockchain securities lending platform
The Tel Aviv Stock Exchange (TASE) is working with Accenture to build a distributed ledger technology-based securities lending platform.
Working with Intel and local fintech centre The Floor, TASE and Accenture are looking to the blockchain to fill a gap in the Israeli market, where there is currently no central securities lending platform.
The new effort will act as a one-stop-shop for all securities lending activities, permitting access to larger securities volumes within shorter timeframes, says the exchange operator.
Conceived at a blockchain hackathon last year, the project will begin with a proof-of-concept, followed by a live deployment, using a private ledger on Hyperledger Sawtooth that taps Intel Software Guard Extensions technology to encrypt transaction data.
