The Israeli government plans to test blockchain-based digital government bonds to modernize financial market processes and reduce associated costs, Blockworks reported. The project will be led by the Tel Aviv Stock Exchange (TASE), with technical support from digital asset infrastructure and custody solutions provider Fireblocks and US cloud computing technology company VMWare. The project pilot will start in the next few days and is expected to be completed by the end of the first quarter of 2023. A spokesperson for Fireblocks said the blockchain platform that will issue the digital bonds will be EVM compatible.