First Digital Bank has applies to join TASE as a member.

Tel-Aviv Stock Exchange (TASE: TASE) declared today that the First Digital Bank has applied to join TASE as a member.

In December 2019, the First Digital Bank was granted administrative approval to serve as a digital bank in Israel. As a part of TASE, the First Digital Bank can offer assistance to its customers for dealing in securities, including mutual funds on TASE and support in offerings. 

The First Digital Bank is also preparing to apply for membership in the TASE Clearing House.

 “By growing a TASE member, the First Digital Bank (inset settings are strengthening the foundations for the kind of digital services that will be open to our customers. Our mission is to produce a whole new banking model that will promote engagement in the banking sector, not only in contemporary accounts and credit but also in contracts trading services. The application is still awaiting approval by TASE’s Board of Directors.

 The First Digital Bank will award innovative digital securities selling services, increase the convenience of trading on TASE to the general public and compete with the current members and finance houses.”

Ittai Ben-Zeev, CEO of TASE, announced today: “We congratulate the First Digital Bank on preferring to become a member of TASE. TASE’s strives to improve the number of TASE members and encourage new players to participate in the Israeli capital market. The membership of the First Digital Bank also improves the technological innovation of the capital market, allowing retail customers a relaxed and friendly digital access to trading on TASE, which we anticipate will change the customer activity and the convenience of the capital market to the general public.”