Blockchain-based municipal microbonds will be launched in Berkeley, California. The city will use distributed ledger technology (DLT) to offer bonds at 25 to allow individuals to invest directly in public projects. The initiative aims to cut out the use of anonymous intermediaries and fee-collecting brokers, who are typically connected with traditional municipal bond schemes, thereby increasing transparency and reducing costs.
Blockchain-based municipal microbonds will be launched in Berkeley, California. The city will use distributed ledger technology (DLT) to offer bonds at a minimum $25 to allow individuals to invest directly in public projects. The initiative aims to cut out the use of anonymous intermediaries and fee-collecting brokers, who are typically connected with traditional municipal bond schemes, thereby increasing transparency and reducing costs.