New Hampshire has approved the first-ever Bitcoin-backed municipal bond, marking a major step toward integrating digital assets with traditional finance.
The state’s Business Finance Authority has authorized a $100 million BTC-collateralized bond designed by Wave Digital Assets and Rosemawr Management.
The structure requires borrowers to post around 160% of the bond’s value in Bitcoin, with liquidation only if BTC drops below 130%.
The initiative follows New Hampshire’s recent “strategic Bitcoin reserve” law and could open the $140 trillion global debt market to BTC-backed financial products.
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