The initiative was approved by the Business Finance Department. The new product will allow companies to borrow money secured by bitcoins that are kept by a private custodian (BitGo).
The state also recently decided to allocate up to 5% of its treasury funds to digital assets.
Governor Kelly Ayotte said she was proud that New Hampshire was once again the first state in the country to adopt new technologies thanks to these historic bitcoin-backed bonds. This is an innovative way to provide the state with more investment opportunities and position itself as a leader in digital finance.
