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New Hampshire Launches First Bitcoin-Backed Municipal Bond in U.S.
New Hampshire has become the first state in the United States to approve a Bitcoin-backed municipal bond, marking a key step in integrating digital assets into traditional public finance. The state’s Business Finance Authority approved a $100 million bond, backed by Bitcoin held in custody with BitGo, a leading provider of digital asset custody services. This historic move could have lasting effects on how state governments raise capital and manage assets in the future. The Bitcoin-backed bond represents a novel way to raise funds without the need to sell Bitcoin or trigger taxable events, something that has ... (full story)
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