How did BlackRock’s ETF acquire the first blockchain municipal bond? – Details – BitRss

• BlackRock’s ETF has made history by acquiring the first blockchain-issued municipal bond—a $15 million milestone that redefines finance.
• This revolutionary move showcases blockchain’s ability to streamline and enhance municipal bond processes.

In a groundbreaking move, BlackRock’s ETF has purchased the first-ever municipal bond issued through blockchain technology. This marks a significant milestone for both traditional finance and the cryptocurrency industry.

This development could reshape how bonds are issued and traded. It showcases blockchain’s growing potential in mainstream financial markets.

A historic bond purchase

BlackRock’s Municipal Income Bond ETF acquired the inaugural blockchain-issued bond from the Franklin Township in Ohio. The bond was created using Provenance Blockchain, an open-source platform designed for financial assets. This transaction sets a precedent for leveraging decentralized technology in municipal finance.

“This transaction demonstrates the transformative potential of blockchain technology in improving efficiency and transparency in bond issuance,” said Franklin Township Treasurer, Amy Parker.

The $15 million municipal bond will fund infrastructure projects within the township, includi…