PANews reported on May 23 that the American Blockchain startup Alphaledger announced the completion of a $9.5 million Series A financing round, led by EJF Capital with participation from KDX. At the same time, Alphaledger announced a partnership with Tradeweb Markets, one of the major over-the-counter fixed income securities markets. Alphaledger utilizes blockchain technology to increase transparency, traceability, and expand the geographical distribution of municipal loans.

It is reported that Alphaledger previously issued the first blockchain-based U.S. municipal bond and completed nearly $6 million in seed funding in 2021. Tradeweb currently supports approximately $1.5 trillion (nominal value) in transactions daily.