BlackRock’s ETF Makes Historic Blockchain-Settled Municipal Bond Purchase – Coinpedia Fintech News

BlackRock, a prominent investment management firm, recently made a historic move by purchasing municipal bonds through an exchange-traded fund (ETF) that settles transactions using blockchain technology. This innovative approach marks a significant milestone in the financial industry. The use of blockchain for settling municipal bond purchases streamlines the process and enhances transparency and efficiency. This groundbreaking development showcases the potential of blockchain technology in revolutionizing traditional financial practices.