New Hampshire has authorized the first US municipal security explicitly backed by Bitcoin, approving a $100 million “conduit” bond that uses over-collateralized BTC rather than tax revenues or project cash flows as its primary backstop. The decision by the state’s Business Finance Authority (BFA) positions New Hampshire as an early test bed for integrating digital assets into the roughly $140 trillion global bond market.

New Hampshire Continues To Lead US States Into Bitcoin Adoption

Governor Kelly Ayotte framed the move as a way to attract capital while insulating residents from balance-sheet risk, saying she is “proud that New Hampshire is once again first in the nation to embrace new technologies with this historic Bitcoin-backed bond,” and calling it “an innovative way to bring more

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