Summary
- BlackRock has reportedly made its first purchase of blockchain-issued municipal bonds with its ETF.
- The bonds were issued in Quincy, Massachusetts, and are notable for utilizing blockchain technology.
- This move suggests the potential use of blockchain technology in the municipal bond issuance market.
According to Bloomberg on the 18th (local time), global asset management firm BlackRock has made its first purchase of municipal bonds issued on blockchain through its exchange-traded fund (ETF).
Previously, these bonds were issued in April by Quincy, Massachusetts, using JPMorgan's platform.
