New Hampshire Launches First Bitcoin-Backed Municipal Bond for Institutional Investors

New Hampshire has made history by approving the first municipal bond backed by Bitcoin (BTC), offering institutional investors a new route to gain exposure to digital assets. The $100 million bond utilizes BTC as collateral, following a framework established under HB 302 and implemented with BitGo custody for secure asset management. This innovative structure provides regulated access to cryptocurrencies through a public finance channel, while mitigating volatility risks through a robust collateral buffer.