BlackRock's MEAR fund purchases $6.5 million Quincy, Massachusetts bond, completing the first blockchain municipal bond transaction

CoinVoice has learned that, according to Bloomberg, the actively managed ETF fund iShares Short Maturity Municipal Bond Active ETF (MEAR) under BlackRock has completed a milestone municipal bond transaction via the JPMorgan blockchain platform.

The fund purchased a $6.5 million bond issued by the city of Quincy, Massachusetts, marking the first municipal bond issued and traded entirely on a blockchain platform. The MEAR fund currently manages approximately $750 million and has updated its prospectus to support bond settlements via the blockchain platform. [Original link]