According to Cryptofrontnews, New Hampshire has authorized a $100 million Bitcoin-backed municipal bond, the first of its kind in the United States. The bond allows private companies to borrow against over-collateralized Bitcoin held by a secure institutional custodian, with 160% collateral posted to ensure investor protection. The structure, developed by Wave Digital Assets and Rosemawr Management, includes a liquidation mechanism that triggers if the collateral ratio drops below 130%. Proceeds and gains from the bond will support the Bitcoin Economic Development Fund, which aims to promote entrepreneurship and economic growth in the state. Governor Kelly Ayotte endorsed the initiative, which aligns with the state’s broader strategy to integrate digital assets into public finance.
New Hampshire Launches First $100M Bitcoin-Backed Municipal Bond in U.S.
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