ConsenSys’s Codefi has acquired the U.S. brokerage firm Heritage Financial Systems, in a bid to boost the municipal bond market by using blockchain tokenization.
Codefi offers a tokenization solution to digitize assets on the Ethereum blockchain.
Municipal bonds or ‘muni bonds’ are a type of debt security issued by the regional authority for the construction of public infrastructure. The municipal bond market is estimated to be valued at $3.8 trillion as of 2018.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
Image Copyright: wedmov / BigStock Photo
