Bitcoin Updates: New Hampshire’s Bitcoin-Backed Bond Sets an Example for Using Digital Assets as Collateral in Public Finance
- New Hampshire issues first U.S. Bitcoin-backed municipal bond, secured by over-collateralized Bitcoin via BitGo. - The $100M bond requires 160% Bitcoin collateral with 130% liquidation triggers, managed by Wave and Rosemawr. - State's Strategic Bitcoin Reserve allows 5% treasury assets in digital assets, funding innovation through bond proceeds. - Legal experts highlight the structure as a potential template for digital asset collateral in public finance. - The initiative aligns with global Bitcoin adopt
New Hampshire has made history as the first state in the U.S. to launch a municipal bond backed by Bitcoin, approving a $100 million conduit bond that is over-collateralized
This project builds upon New Hampshire's previous move to establish a Strategic Bitcoin Reserve, which was put into effect in May 2025,
The bond's structure has attracted notice for adhering to established municipal finance standards while incorporating cryptocurrency as collateral. The BFA serves as a facilitator, managing the process without taking on the debt itself, and
Industry observers see this as a pivotal experiment for Bitcoin’s acceptance as a reliable form of collateral.
New Hampshire’s bond is being introduced as Bitcoin adoption grows globally, with examples such as El Salvador’s ongoing Bitcoin purchases and
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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