BlackRock ETF Buys 1st Muni Bond Issued Through Blockchain
In what is a massive development for the sector, a BlackRock ETF has purchased its first Muni bond issued through blockchain. Indeed, the leading asset manager has purchased municipal debt issued this year through one of its exchange-traded funds, according to a Bloomberg report. The move is revolutionary, as the deal completely relies on blockchain technology. Specifically, the bonds were purchased through the $11.5 trillion asset manager iShares Short Maturity Municipal Bond Active ETF, better known as MEAR. According to the report, the fund was founded more than 10 years ago and holds $750 million in assets. JUST IN: BlackRock ETF buys first muni bonds issued through blockchain. — Watcher.Guru (@WatcherGuru) December 18, 2024 Also Read: BlackRock Says Up to 2% Bitcoin Allocation is ‘Reasonable Range’ BlackRock Completes Revolutionary Bond Purchase Through Blockchain With 2025 fast approaching, there is little argument that this has been one of the most important years in ...