The iShares Short Maturity Municipal Bond Active ETF (MEAR) under BlackRock recently completed a milestone municipal bond transaction through JPMorgan's blockchain platform. This transaction involved a $6.5 million bond issued by the city of Quincy, Massachusetts, and is the first municipal bond fully issued and traded based on blockchain technology.

The MEAR fund currently has approximately $750 million in assets under management and has updated its prospectus to support bond settlement through the blockchain platform. This initiative marks an important step forward in the application of blockchain technology in traditional financial markets. 📈🔗