Deep Tide TechFlow News, December 18, according to Bloomberg, BlackRock's actively managed ETF fund iShares Short Maturity Municipal Bond Active ETF (MEAR) completed a milestone municipal bond transaction through JPMorgan's blockchain platform.

The fund purchased $6.5 million in bonds issued by Quincy, Massachusetts, marking the first municipal bond fully issued and traded based on blockchain technology. The MEAR fund currently manages approximately $750 million and has updated its prospectus to support bond settlement through the blockchain platform.