The implementation of blockchain and traditional assets in Tel Aviv Stock Exchange completed its new phase by creating a ERC-1155 security token, which is similar to a digital government bond, stated Cointelegraph.
Sources revealed that the copy of the bond comes under the proof-of-concept (PoC) of Project Eden. It is believed that Project Eden is a collaboration between the Israeli Ministry of Finance and the stock exchange for implementing blockchain in government bonds, Cointelegraph added.
“We believe that the Startup Nation can play a leadership role in the digital transformation of the capital markets. […] We believe that the capital market information will be completely different in a few years, and it is our job to lead the revolution,” Ittai Ben Zeev, CEO, Tel Aviv Stock Exchange, explained.
Furthermore, with Ethereum’s ERC-1155 a single contract might represent and control both fungible and non-fungible tokens, Cointelegraph concluded.
(With insights from Cointelegraph)
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