BlockBeats news, on 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 the JP Morgan blockchain platform.
The fund purchased $6.5 million in bonds 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 settlement via blockchain technology.
