Blockchain
Tel-Aviv Stock Exchange Bridges the Gap between Israeli High-Tech and Thousands of Institutional and Accredited Investors with TASE UP
The Tel Aviv Stock Exchange (TASE: TASE) builds a bridge between Israeli growth companies and thousands of new investors, transforming capital raising by private companies. TASE UP is an electronic platform designed by TASE for private companies to access investments from institutional and accredited investors. Unlike listing on TASE main market, companies that are listed on TASE UP platform remain private and are not subject to any reporting or prospectus publishing requirements under the Israeli Securities Law.
TASE CEO, Ittai Ben-Zeev said: “TASE is committed to the advancement of the Israeli economy and of the Israeli companies operating in this environment. Today, we are taking this commitment to the next level with TASE UP – a platform that completely transforms capital raising by companies and, for the first time in Israel, harnesses the advantages of the Tel Aviv Stock Exchange, such as access to investors and liquidity, to the benefit of those companies that, at least for the time being, wish to remain private. With the coronavirus looming, as private investors are reluctant to invest in high-tech and technology companies are on the brink of suspension of operations and growth, this solution rises to the challenge. We believe that this solution can bring more and more high-tech companies in this Start-Up Nation to grow and evolve into independent companies with a better connection to the institutional investors and to other investors that are looking to increase their exposure to the technology sector.”
The launch of the new platform and its introduction to investors and to the local technology ecosystem will be accompanied by a digital campaign, fronted by familiar comedian, Adi Ashkenazi, after several successful campaigns with TASE. The introduction and exposure of TASE UP aims to position it as the way forward – your next milestone – for entrepreneurs and company leaders in their journey to the top and offers a designated website for companies and investors.
A New Home for Israeli High-Tech: A Unique Platform that Offers Private Technology Companies New Paths for Capital Raising from Accredited and Institutional Investors
The many benefits of the new platform are available to a wide range of companies and investors:
Entities that are permitted to raise capital on TASE UP enjoy unique access to thousands of accredited investors and institutional investors through TASE’s extensive distribution channels, a variety of capital raising channels that are customized to their needs and liquidity for their shareholders.
This streamlined, agile and innovative process affords exemption from prospectus publishing and regular reporting obligations. Listing on TASE UP is suited to a variety of securities and capital structures: shares, bonds, convertible bonds, warrants, participation units and options. The platform is open to technology and biomed companies, venture capital funds, credit funds and REITs investing overseas. TASE estimates the benefits of the platform can be enjoyed by hundreds of companies.
Investors who are permitted to transact on the TASE UP platform enjoy, for the first time in Israel, direct access to investment in private companies through a platform that was constructed to resemble the infrastructure of TASE’s trading and clearing systems and is therefore readily accessible and familiar to them. The investors will also enjoy liquidity for investment, listing, clearing and operation of the payments as applicable to a listed security, as well as identification (ISIN) and presentation of the investor’s holdings in its bank account. Foreign investors will be granted exemption from withholding of tax at source on interest payments.
The platform is also available to public institutions, corporations with equity in excess of NIS 50 million, investment consultants or investment marketers buying for their own account, venture capital funds and private accredited investors, as defined in the Securities Law. These represent thousands of potential investors.
Will the Start-Up Nation (Finally) Invest in Technology?
For many years, Israeli technology companies established and grown in Israel have been raising capital from local venture capital funds and angels as well as from international funds and corporations and foreign technology investors. These sources have become scarce in recent months on the backdrop of the coronavirus outbreak and the global economic crisis. Also, for many years Israeli public institutions have invested sparingly in local growth companies and the Israeli public has therefore had relatively little exposure to this successful sector, despite its notable economic activity and growth potential.
TASE believes that a connection with the local technology ecosystem is a strategic imperative and aims to optimally reflect the Israeli economy and allow the Israeli public to more significantly partake in the success of the local high-tech sector. According to IVC, in the first half of 2020 local start-up companies raised close to US$ 5.6 billion, of which only US$ 1.3 billion in Israeli money. And even those investments were mostly made by private funds and entities in which the general public is not invested.
TASE also believes that diversification of financing sources, particularly in these challenging times, alongside increased exposure of Israeli investors to the growth companies, will improve the market and allow more Israeli growth companies to maintain their independence and even grow and develop in Israel, possibly paving the way to their future listing on TASE and subsequently also on leading international exchanges.
TASE UP was established following the Israel Securities Authority (ISA) approval of the TACT-Institutional platform and picks up directly from the Innovation Authority’s plan for the encouragement of institutional investments in high-tech companies and the creation of an investment track that offers public institutions a State guarantee for their portfolio of investment in technology companies with advanced-stage funding. This track was formulated by the Innovation Authority, the Ministry of Finance, the Capital Market Authority and the ISA.
Strategic Collaborations for a Stronger Connection with the Technology Ecosystem and Better Access to Information
In order to expand the platform’s investor base, TASE has collaborated with several entities to strengthen investors’ connection with high-tech companies and the local ecosystem.
- International investment bank, Jefferies – TASE is currently formulating a unique collaboration with Jefferies for the support of Israeli high-tech companies that raise capital on the platform. Jefferies is a leader in capital markets and financial high-tech and biotechnology transactions and also has a strong presence in the Israeli capital market.
- Fundit – An investment platform for capital raising by businesses that combines the knowledge and experience of Headstart Group, Israel’s first and largest crowdfunding group, and the expertise of Poalim IBI in capital markets. Fundit is supervised by the Israel Securities Authority and has extensive experience in capital raising for businesses and ventures, including in technology. To date, NIS 315 million has been raised for 140 projects through Fundit.
- Novus – A digital issuance platform to manage a complete automated process for the itraded alternative securities among qualified investors. Novus will enable issuers to initiate a deal, reach and communicate with investors globally, market and share data, conduct a bidding process and close a successful IQIO (Initial Qualified Investor Offering).
TASE also works in cooperation with IVC, the leading Israeli high-tech business research and data center, which will supply initial information on the private companies that list on TASE UP, making it accessible to the investors.
TASE’s Technological Revolution
In the past few years, TASE has dedicated considerable resources and efforts to the establishment of an advanced technological infrastructure for a more sophisticated market and the better accessibility of TASE and its listed companies to investors worldwide, this as part of the global trend of digital transformation in the financial sector in general and in the capital market in particular.
Within this mindset, TASE announced the launch, on November 2, 2020, of a Central Blockchain Securities Lending Platform as an optimal response to the needs of investors. This innovative platform is the first of its kind and will enable capital market players direct lending among all the major financial instruments. TASE has also introduced co-location and hosting services for trading servers at its Data Center. The co-location service implements the most advanced infrastructure and international standards and offers equal latency for all co-location customers regardless of their location internally in TASE’s Data Center.
Blockchain
Blocks & Headlines: Today in Blockchain – May 15, 2025 (BTC’s Push, Pi Network Fund, Stablecoin Levers, JPM Pilot, OKX × Man City)
Every trading day, Blocks & Headlines decodes the most significant moves in blockchain technology and cryptocurrency, blending market updates, strategic analysis, and thought—so you can stay ahead in Web3’s fast-moving world. Today’s briefing zeroes in on five game-changing developments:
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BTC’s $58 Million Raise for ETH Purchases – Bitcoin miners diversify treasury strategies.
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Pi Network’s $100 Million Ecosystem Fund – A mass-user blockchain backs its next growth stage.
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Three Levers to Drive Stablecoin Public-Sector Adoption – Regulation meets innovation.
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JPMorgan’s Landmark Blockchain–TradFi Pilot – Institutional rails cross the blockchain chasm.
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OKX Rolls Out Alt Manchester City Campaign – Crypto sponsorship enters the football pitch.
Together, these stories highlight key themes: treasury diversification, community-driven funding, regulatory frameworks, institutional integration, and mainstream partnerships. Read on for detailed analyses—and what each means for your crypto strategy.
Introduction: The New Vistas of Blockchain
Blockchain’s evolution this spring underscores a pivotal shift: from pure speculation to strategic deployment. Bitcoin miners, long reliant on transaction fees and network incentives, are now allocating capital to Ethereum, signaling maturation in treasury management. Meanwhile, user-centric chains like Pi Network are mobilizing massive funds to underwrite decentralized app ecosystems. Governments and regulators, too, are pivoting toward structured frameworks—envisioning stablecoins as pillars of public-sector modernization. At the same time, legacy finance players like JPMorgan are testing blockchain rails for cross-border value exchange, while leading exchanges pursue high-profile sporting partnerships to prime global audiences for crypto adoption.
These diverse developments convey one clear message: blockchain is entering its juggernaut phase, where strategic capital deployment, regulatory alignment, and mainstream integrative efforts coalesce to propel Web3 into the next chapter. In this briefing, we unpack each story’s nuances, assess market and technological impacts, and offer takeaways for investors, developers, and institutional players alike.
1. BTC’s $58 Million Raise to Bolster ETH Purchases
What Happened: On May 14, Bitcoin miner collective BTC’s Push announced a successful $58 million secondary raise aimed squarely at funding strategic Ethereum acquisitions for staking and DeFi yield farming purposes. This follows earlier Treasury diversification moves by Marathon Digital and Riot Platforms, but on a larger, coordinated scale.
Source: The Block
The Mechanics of the Raise
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Participants & Structure: The round drew in leading crypto funds—Multicoin, Paradigm, and Pantera—via convertible note instruments, offering 8% interest and a conversion price tied to a 10% discount on ETH’s 30-day volume-weighted average price.
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Allocation Strategy: Proceeds will funnel into direct ETH purchases on major spot venues and institutional OTC desks, with a tranche reserved for Liquid Staking Derivatives (LSDs)—including Lido and Rocket Pool tokens—to capture liquid yields.
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Rationale: Facing compressing Bitcoin margins amid halving-driven scarcity of block rewards, miners are diversifying into Ethereum’s staking economy, capitalizing on predictable APRs (currently ~4.5%) and burgeoning DeFi revenue streams.
Market Implications
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Cross-Chain Treasury Management: BTC miner allocators validating ETH staking signals an era where major protocol economies interweave on the balance sheets of institutional crypto actors.
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Downward Pressure on Spot ETH: Large-scale spot purchases typically buoy prices, but strategic accumulation via OTC may mute volatility—beneficial for staking yield stability.
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LSD Adoption Accelerates: With up to 20% of ETH purchases earmarked for LSDs, native staking derivatives gain further legitimacy, nudging stakeholders to re-evaluate liquid vs. locked staking trade-offs.
Opinion & Outlook
This raise epitomizes institutional sophistication in digital-asset portfolio engineering. Miners are not merely selling BTC to cover expenses; they’re actively deploying capital into interoperable blockchain yield instruments. As ETH’s transition to proof-of-stake matures and DeFi yields remain attractive relative to Bitcoin mining profits, expect more multi-protocol treasury plays—potentially extending to Solana LPs or Avalanche staking pools. For retail and institutional investors alike, these treasury trends suggest durable demand for ETH and LSDs, underpinning mid-term price support.
2. Pi Network Launches $100 Million Ecosystem Fund
What Happened: The Pi Network team unveiled a $100 million ecosystem fund dedicated to nurturing dApp developers, infrastructure providers, and NFT artists building within its rapidly scaling mobile-first blockchain.
Source: Cointelegraph
Fund Structure & Goals
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Capital Allocation:
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40% to Core Infrastructure: Node incentives, RPC services, indexing tools.
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30% to dApp Grants: Particularly financial inclusion, micro-lending, and social-commerce protocols.
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20% to NFT & Creator Programs: Artist residencies, marketplace subsidies.
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10% to Strategic Acquisitions & Partnerships: Cross-chain bridging, zk-rollup integrations.
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Governance Model: Pi Council, comprising core team members and community-elected ambassadors, will vote on disbursements via on-chain proposals—ensuring decentralized stewardship.
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Timeline: Initial $20 million tranche deployed in Q3 2025, with the remainder unlocked quarterly based on network milestones (daily active users, transaction volume, token velocity).
Relevance & Potential
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Mass-User Onboarding: With over 50 million active mobile miners, Pi Network boasts one of the largest captive user bases. Financing dApps tailored to these users could drive real transactional utility—beyond token speculation.
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Community-First Funding: By embedding governance in the Pi Council, the fund aligns incentives with grassroots builders—potentially reducing centralized bottlenecks seen in other ecosystem grants.
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Web3 Democratization: Pi Network’s mobile focus and low-fee architecture positions it to capture under-banked populations—a key frontier for on-chain financial inclusion.
Opinion & Outlook
The $100 million fund is a bold statement: Pi Network is shifting from token distribution hype to ecosystem activation. Success hinges on execution discipline—allocating capital to apps that deliver real-world value and user retention. Should Pi spawn breakout dApps in micro-lending or gig-economy payments, it could validate the “mobile-first blockchain” thesis and challenge established Layer 1s. Conversely, failure to catalyze genuine activity risks relegating Pi to another empty token play. Builders and investors should watch Pi’s Q3 performance metrics closely: active throughput and token velocity will be leading indicators of sustainable growth.
3. Blockchain Regulation & the Public Sector: Three Levers to Drive Stablecoins
What Happened: In a detailed analysis for Funds Society, blockchain policy experts identified three critical levers governments can deploy to accelerate stablecoin adoption in public-sector use cases: 1) Regulatory clarity via bespoke stablecoin frameworks, 2) Central bank digital currency (CBDC) interoperability mandates, and 3) Fiscal stimulus pilot programs.
Source: Funds Society
The Three Levers Explained
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Bespoke Stablecoin Regulation:
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Crafting targeted laws—distinct from securities or money-transmission statutes—can streamline issuer licensing, reserve requirements, and custody standards.
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CBDC Interoperability Mandates:
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Mandating APIs that allow stablecoins to seamlessly transact with emerging CBDCs (e.g., the e-Euro) prevents fragmentation and spurs innovation.
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Stimulus & Grant Pilots:
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Direct funding of social benefits via approved stablecoins (e.g., for disaster relief or tax rebates) bootstrap user familiarity and network liquidity.
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Broader Implications
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Public-Private Collaboration: Co-designing frameworks with established issuers (Circle, Paxos) and DeFi protocols (MakerDAO) ensures regulations accommodate on-chain composability.
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Financial Inclusion: Well-regulated stablecoins can deliver faster, cheaper payouts to under-served communities—particularly across EU-Africa corridors.
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Monetary Stability: Clear guidelines on reserve management and auditing bolster confidence, reducing redemption risk and contagion from issuer failures.
Opinion & Outlook
Stablecoins are the on-ramp to blockchain-based public finance. Yet, regulatory ambiguity has constrained adoption to niche corporate pilots. By wielding these three levers, policymakers can foster a harmonized, innovation-friendly environment—balancing risk mitigation with pace. For blockchain firms, engaging early in consultations and sandbox programs is vital. And investors should track jurisdictions piloting stablecoin grants—these will likely become blueprints for global standard-setting.
4. JPMorgan Bridges Blockchain and TradFi in Landmark Pilot
What Happened: JPMorgan executed its first public blockchain pilot facilitating an institutional cross-border payment between its New York and London operations, using Quorum-based channels and a tokenized USD settlement layer.
Source: CryptoSlate
Pilot Details
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Settlement Tokens: JPM Coin (ERC-20), temporarily bridged via a permissioned Ethereum sidechain.
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Transaction Flow:
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NY branch issues JPM Coin to London counterparty.
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Smart contract escrow holds tokens until KYC/AML checks complete.
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Tokens redeemed and fiat disbursed in local currencies.
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Performance Metrics: Settlement finality in <2 minutes (vs. 3–5 business days for SWIFT), throughput of 1,000 txs/sec, and integrated compliance reporting.
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Next Steps: Scaling to 10+ global corridors, public-private partnerships with central banks exploring wholesale CBDC pilots.
Significance
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TradFi Embrace of Permissioned Chains: A tacit acknowledgment that blockchain can enhance—not replace—existing rails, offering efficiency gains while preserving compliance controls.
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Tokenized Fiat’s Viability: Demonstrates tokenization is not academic—banks can leverage stable, permissioned tokens to slash operational costs and risks.
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CBDC Synergies: Success of JPM Coin pilots lays groundwork for eventual CBDC–stablecoin interoperability and reduces friction in wholesale liquidity management.
Opinion & Outlook
JPMorgan’s pilot is more than a proof-point; it’s a template for global banks to integrate blockchain pockets within legacy infrastructure, extracting value without wholesale disruption. Traditional financial institutions should monitor results closely—particularly the compliance integration and counterparty risk profiles. Meanwhile, DeFi advocates must acknowledge that permissioned blockchains will coexist with public networks, forming a hybrid financial ecosystem. As central banks advance CBDC initiatives, banks already comfortable with tokenized settlement gain a critical head start.
5. OKX Launches Alt Manchester City Campaign
What Happened: Leading crypto exchange OKX unveiled a multi-year sponsorship campaign with Manchester City FC, launching in-stadium NFT activations, fan token incentives, and Web3 watch parties across global OKX lounges.
Source: PR Newswire
Campaign Highlights
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Fan Token Airdrops: Exclusive MCFC NFTs drop via OKX app at key Premier League matches.
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Stadium Engagement: AR experiences—scan stadium QR codes to unlock private token presales and digital memorabilia.
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Global OKX Lounges: Co-hosted events in Dubai, Singapore, and New York, featuring live match streaming with crypto-themed commentary.
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Charity Tie-In: A portion of secondary NFT sales funds City in the Community foundation projects.
Market & Cultural Impact
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Mainstream Awareness: Tapping Premier League’s 1 billion+ fanbase amplifies crypto legitimacy beyond niche circles.
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Fan Token Renaissance: After token hype waned in 2022, OKX’s integrated approach—blending NFTs and real-world utility—may reignite engagement.
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Regional Growth: Local activations in Asia and Middle East signal OKX’s strategic focus on fast-growing crypto markets hungry for experiential marketing.
Opinion & Outlook
OKX’s Manchester City partnership exemplifies crypto’s turn toward lifestyle branding, where fan loyalty and digital asset ownership intertwine. Success metrics will extend beyond token trading volumes to user-retention, event attendance, and charitable outcomes. Other exchanges and NFT projects should note the power of hybrid physical–digital activations: real-world events lend tangibility to virtual communities, critical for long-term adoption. As sports franchises increasingly seek blockchain partners, expect a new wave of Web3 stadiums, in which every seat becomes a node in a global fan network.
Conclusion: Five Takeaways for Blockchain Stakeholders
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Inter-Protocol Treasury Moves: BTC miners backing ETH demonstrates that savvy actors view blockchains as interlinked asset classes—prompting reevaluation of single-chain investment strategies.
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Community-Governed Ecosystem Funds: Pi Network’s $100 million push underscores the necessity of decentralized governance and milestone-based funding to catalyze genuine on-chain activity.
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Regulation as Enabler: Structured stablecoin frameworks, CBDC interoperability, and stimulus grants illustrate how public-sector levers can accelerate blockchain’s maturation and real-world use cases.
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TradFi Co-Optation of Blockchain: JPMorgan’s pilot shows that traditional banks will increasingly embed permissioned tokens and smart-contract rails into core operations—integration, not replacement, is the watchword.
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Mainstream Partnerships Fuel Adoption: OKX’s Man City campaign spotlights the power of mixing digital assets with live events to onboard mass audiences and give blockchain a cultural foothold.
As blockchain’s infrastructure deepens—from miner balance sheets and institutional rails to fan experiences and public-sector deployments—stakeholders must adopt a multi-vector lens: blending treasury strategy, regulatory engagement, technological integration, and experiential marketing. Tomorrow’s top headlines will hinge on how well projects and institutions navigate this complex ecosystem—so stay tuned, stay diversified, and keep validating your own node of opportunity in Web3’s grand experiment.
The post Blocks & Headlines: Today in Blockchain – May 15, 2025 (BTC’s Push, Pi Network Fund, Stablecoin Levers, JPM Pilot, OKX × Man City) appeared first on News, Events, Advertising Options.
Blockchain
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