Blockchain-based municipal microbonds will be launched in Berkeley, California. The city of Berkeley is one of the first cities to launch a blockchain powered microbond. 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.