New Hampshire Approves $100M Bitcoin‑backed Municipal Bond

Why It Matters

The issuance creates a new financing model that bridges traditional municipal bonds with digital assets, potentially unlocking a new source of capital for institutional investors and signaling broader regulatory acceptance of crypto‑backed debt.

Deal Summary

New Hampshire’s Business Finance Authority authorized a $100 million taxable conduit revenue bond, issued through WaveRose Depositor, LLC and backed by Bitcoin held by BitGo. The bond, designed by Wave Digital Assets and Rosemawr Management, lets companies borrow against over‑collateralized BTC.