- New Hampshire lawmakers will hold a hearing on a proposed $100 million Bitcoin-backed bond issuance, aiming to attract investment and position the state as a leader in digital finance.
- The bond, approved by the Business Finance Authority, is backed by private collateral and has received a speculative 'Ba2' rating from Moody's, with experts noting potential risks and its unsuitability as a general public finance tool.
- This initiative follows New Hampshire's earlier law establishing a strategic Bitcoin reserve and draws parallels to El Salvador's failed Bitcoin-backed 'Volcano Bonds' project.
Topics: Asset types, Jurisdictions, Public debt, Financial instruments, Established hubs, Tokenized us treasuries
Tags: #newhampshire #bitcoinbonds #businessfinanceauthority #kellyayotte #digitalfinance #strategicbitcoinreserve #municipalbonds #davidkrause #moodys #elsalvador
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