New Hampshire’s Business Finance Authority (BFA) confirmed on Nov. 17 the approval of a $100 million municipal bond backed by Bitcoin, according to an official filing. The program will allow eligible businesses to access financing using Bitcoin as collateral, with assets held by a private custodian and structured under traditional bond regulations.
The bond does not use taxpayer guarantees or state-backed repayment, as the BFA only supervises the issuance. Protection for investors will rely on over-collateralized BTC holdings, offering a new pathway that links digital assets with the U.S. debt market. Analysts suggest that treating Bitcoin as high-quality collateral could boost institutional participation while allowing borrowers to keep long-term BTC exposure without selling.
The agency stated that further updates will be released once underwriters and custody partners are finalized in the coming weeks. Revenues from the issuance may support a state program for digital-asset development, pending approval.
Source: https://www.cryptoinamerica.com/p/new-hampshire-launches-first-bitcoin-6a6
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