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BlackRock’s iShares ETF Makes History with Unique Blockchain-Backed Municipal Debt Deal

  • BlackRock becomes the first asset manager to acquire municipal debt using blockchain technology.
  • The transaction was facilitated through JPMorgan's private blockchain platform, enhancing transparency and security.
  • BlackRock's iShares ETF, MEAR, acquired $6.5 million worth of Quincy bonds through the blockchain-based transaction.
  • BlackRock's iShares Bitcoin Trust (IBIT) has nearly reached $60 billion in assets under management, outperforming its gold ETF.

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