The City of Quincy, Massachusetts, has become the first U.S. municipality to issue bonds utilizing Distributed Ledger Technology, raising $10 million for public projects.
Quincy’s initiative demonstrated how DLT can simplify and modernize bond issuance, enhancing transparency and efficiency in municipal finance, allowing public participation.
By leveraging JP Morgan's Onyx Digital Assets, Quincy aims to 'democratize' its finances and enable automatic payments, thus lowering costs and streamlining processes.
The diverse applications of DLT globally show how local projects can address specific challenges, reflecting each region's unique expertise and economic priorities.
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