Kima recently completed the first CBDC transaction of a tokenized stock at the Tel Aviv Stock Exchange during the Bank of Israel event. Their secure interoperability protocol allows settlements between different financial systems, eliminating smart contract vulnerabilities. The successful transfer of a tokenized stock via digital shekel showcased Kima's cross-ecosystem interoperable DvP solution. Administered by the Bank of Israel, the transaction demonstrated the potential of adopting a CBDC. Kima's decentralized settlement layer facilitated the transaction, connecting buyers and sellers directly without intermediaries. The process was safe, instant, and free from delays or extra fees. Kima's infrastructure includes a UPR and Liquidity Cloud, enabling seamless transactions across multiple blockchains. CEO Eitan Katz highlighted the efficiency of their solution, empowering users to conduct smooth cross-asset transactions. Kima's protocol aims to bridge the gap between traditional finance and crypto, ensuring secure and efficient transactions for a wider audience. Read more AI-generated news on: https://app.chaingpt.org/news

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