Copy link
Increase text size
Decrease text size
Link copied

Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform

Image by BTP

Fri, 14 Feb 2020, 12:23 pm UTC

Blockchain Technology Partners (BTP), an Edinburgh-based enterprise blockchain startup, has partnered with Israel’s Tel Aviv Stock Exchange (TASE) to ensure the production readiness of Blockchain Securities Lending (BSL) platform.

Founded in 2018, BTP aims to leverage blockchain technology to reduce the cost and complexity of doing business through decentralisation while ensuring trust, transparency and accountability. It is the company behind the management platform Sextant, which simplifies the deployment and ongoing management of distributed applications.

The securities lending in Israel is “fragmented, inefficient and opaque.” TASE believes that its BSL platform can address these issues.

Built on Hyperledger Sawtooth, BSL is a trading platform that "delivers all the benefits of a distributed ledger while utilizing Intel Software Guard Extensions (Intel SGX) technology to help maintain data privacy so that the details of an individual transaction are only visible to its participants," a press release said.

The platform will enable direct lending among all the major financial participants and offer a
one-stop-shop for all securities lending activities, permitting access to larger securities volumes within shorter timeframes, even operating in shorter-term positions."

The partnership is aimed at ensuring the production readiness of the platform and will also see BTP providing ongoing support after the platform is launched.

“When we set out on this journey with Accenture, Intel and The Floor our goal was to harness the power of cutting-edge blockchain technology to transform the Securities Lending market in Israel by creating a distributed service available to all our market participants in order to increase the volume of the market and make it available for more players in the market,” said Uri Shavit, EVP, Chief Information Officer, Tel Aviv Stock Exchange.

“With today’s announcement, there is now a clear path to achieving this goal and taking our BSL Proof of Concept (PoC) forward into production with the help of our delivery partner BTP.”

Duncan Johnston-Watt, CEO, Blockchain Technology Partners, revealed that they have worked with the TASE team on acceptance testing over the past few months, which resulted in "significant improvement" in both BSL and its distribution of Sawtooth.

“We were delighted to be introduced to TASE by Intel as our mission is to make it easier for companies like TASE to realise their vision by providing them with Sextant, our management platform that comprises both our production grade Sawtooth distribution and the tools to deploy and manage this distribution on Kubernetes in production,” said Johnston-Watt.

BTP and TASE are already moving forward with a comprehensive production readiness program to test the BSL platform ahead of its launch some time this year.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,796.08 (-2.02%)
  • Ethereum (ETH) $249.81 (-7.70%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $386.97 (-13.60%)
  • Bitcoin SV (BSV) $269.78 (-14.40%)
  • Bitcoin (BTC) $9,796.08 (-2.02%)
Feb 17, 2020 (Monday)
07:23
IOHK establishes new research lab at University of Wyoming
06:53
Chinese forex regulator SAFE’s blockchain cross-border financing pilot continues expansion
05:14
Blockchain social media platform Steemit to migrate to TRON network
Feb 14, 2020 (Friday)
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:11
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:24
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
11:48
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
11:47
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
11:04
Crypto investment firm Galaxy Digital lays off 15% of its workforce
10:18
Circle now seeks to sell off crowdfunding unit SeedInvest: Report
09:47
SBI Crypto enters into blockchain cooperation partnership with Northern Data
09:25
Wells Fargo invests $5M in crypto monitoring firm Elliptic
09:01
Crypto Technicals: XRP/USD pauses at 0.34 handle, consolidation likely before next leg higher
07:37
Election Commission of India looks to blockchain to tackle lost votes
06:26
Crypto Technicals: 'Spinning Top' dents upside in ETH/USD, technical bias remains bullish
06:20
Crypto lending startup BlockFi secures $30M in Series B financing
05:20
Crypto Technicals: BTC/USD holds above 10,000 mark, trades rangebound at 5-DMA support
04:53
IOTA Foundation investigates fund theft in Trinity wallet
Feb 13, 2020 (Thursday)
12:20
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:19
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft