The post New Hampshire Launches First-Ever $100M Bitcoin-Backed Bond appeared first on Coinpedia Fintech News New Hampshire’s Business Finance Authority approved the first $100 million Bitcoin-backed municipal bond in the U.S., following the state’s earlier move to invest up to 5% of its treasury in digital assets. The bond uses over-collateralized Bitcoin held by BitGo, protecting investors if Bitcoin’s value falls. Fees and returns from Bitcoin collateral will fund the …The post New Hampshire Launches First-Ever $100M Bitcoin-Backed Bond appeared first on Coinpedia Fintech News New Hampshire’s Business Finance Authority approved the first $100 million Bitcoin-backed municipal bond in the U.S., following the state’s earlier move to invest up to 5% of its treasury in digital assets. The bond uses over-collateralized Bitcoin held by BitGo, protecting investors if Bitcoin’s value falls. Fees and returns from Bitcoin collateral will fund the …
New Hampshire Launches First-Ever $100M Bitcoin-Backed Bond
The post New Hampshire Launches First-Ever $100M Bitcoin-Backed Bond appeared first on Coinpedia Fintech News
New Hampshire’s Business Finance Authority approved the first $100 million Bitcoin-backed municipal bond in the U.S., following the state’s earlier move to invest up to 5% of its treasury in digital assets. The bond uses over-collateralized Bitcoin held by BitGo, protecting investors if Bitcoin’s value falls. Fees and returns from Bitcoin collateral will fund the state’s Bitcoin Economic Development Fund, supporting innovation and entrepreneurship. This pioneering bond could open the door for digital assets in the $140 trillion global debt market.
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