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 JPMorgan blockchain platform.
The fund purchased $6.5 million in bonds issued by the city of Quincy, Massachusetts, marking the first fully blockchain-based municipal bond issuance and trading. The MEAR fund currently manages approximately $750 million and has updated its prospectus to support bond settlements via blockchain platforms.