BlackRock Fund Buys First Blockchain-Issued Municipal Bonds

Description

In a groundbreaking financial transaction, BlackRock’s iShares MEAR ETF has purchased $6.5 million in municipal bonds issued by Quincy, Massachusetts, via JPMorgan’s blockchain platform. This marks the first instance of municipal debt being issued, settled, and held entirely on blockchain technology. The deal, reported by Bloomberg , signals the transformative potential of blockchain in capital markets and its role in modernizing the municipal bond market. A Historic Deal in the Municipal Bond M...