Bitcoin News Update: New Hampshire Introduces Bitcoin-Backed Bond in a Bid to Pioneer Digital Finance

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Bitcoin News Update: New Hampshire Introduces Bitcoin-Backed Bond in a Bid to Pioneer Digital Finance

Bitget-RWA2025/11/19 22:58

By:Bitget-RWA

- New Hampshire becomes first U.S. state to approve $100M Bitcoin-backed municipal bond, enabling private borrowing against over-collateralized crypto. - Bond structure includes 160% Bitcoin collateral and liquidation triggers if crypto drops below 130% of bond value, ensuring investor protection amid price volatility. - Proceeds fund state's Bitcoin Economic Development Fund, with Governor Kelly Ayotte calling it a "historic" step to position New Hampshire as digital finance leader. - Initiative bridges t

New Hampshire has set a precedent as the first state in the U.S. to greenlight a $100 million municipal bond secured by

Bitcoin

, representing a significant advancement in merging digital currencies with conventional financial systems. The Business Finance Authority (BFA), a state-run entity,

gave the go-ahead for the bond

, permitting private enterprises to obtain loans using over-collateralized Bitcoin managed by custodian BitGo. This arrangement safeguards investors against cryptocurrency price swings, as a

liquidation process

will be initiated if Bitcoin’s value falls below 130% of the bond amount.

This project,

led by digital asset manager Wave Digital Assets

and municipal bond expert Rosemawr Management, seeks to connect the traditional fixed-income sector with digital assets under a fully regulated and institutional structure. Borrowers are required to provide Bitcoin collateral worth 160% of the bond’s value,

allowing them to obtain funding

without liquidating their assets or triggering taxable events. The funds raised, including any fees and profits from the Bitcoin collateral, will be directed to the state’s Bitcoin Economic Development Fund to foster innovation and business expansion.

Bitcoin News Update: New Hampshire Introduces Bitcoin-Backed Bond in a Bid to Pioneer Digital Finance image 0

Governor Kelly Ayotte, who enacted the Strategic Bitcoin Reserve legislation in May,

described the initiative as a "historic" achievement

, highlighting its role in establishing New Hampshire as a frontrunner in digital finance while safeguarding taxpayer interests. The state previously attracted attention by being the first to dedicate up to 5% of its treasury to digital assets,

effectively creating the nation’s inaugural strategic Bitcoin reserve

With the bond’s approval, the path is now open for wider use of crypto-secured debt,

as the global bond market is estimated at $140 trillion

. Advocates believe this approach illustrates how public and private entities can work together to responsibly harness the value of digital assets,

potentially setting a precedent

for similar programs across the country. Nonetheless, obstacles such as regulatory hurdles and

maintaining compliance

with anti-money laundering (AML) and know-your-customer (KYC) requirements still need to be addressed.

Fintech companies and institutional investors are monitoring the bond’s results closely, as it could transform municipal funding and broaden capital access for businesses, all while keeping risk levels in line with established market standards.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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