cloud - based municipal microbonds will be implemented in boulder , California . The city will use distributed ledger technology ( DLT ) to offer bonds at a minimum $ 25 to encourage 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 financing 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.