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New Hampshire Bitcoin-Backed Bonds

Sector: Financials • Location: New Hampshire, United States

Source: IDNFinancials.com

Project
Issued

The New Hampshire Business Finance Authority is issuing bitcoin-backed bonds, which are the first credit-rated instruments secured by crypto assets. These bonds are secured by bitcoin used as collateral and have received a provisional Ba2 rating from Moody's. The bonds are limited recourse and do not involve state public funds, with payments made through liquidation of BTC held by custodian BitGo

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Project Information

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The project “New Hampshire Bitcoin-Backed Bonds” is an infrastructure initiative in the Financials sector, located in New Hampshire, United States. Taiyo aggregates data on it from IDNFinancials.com.

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Participants

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Status

Original status

issued

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Description

Description

The New Hampshire Business Finance Authority is issuing bitcoin-backed bonds, which are the first credit-rated instruments secured by crypto assets. These bonds are secured by bitcoin used as collateral and have received a provisional Ba2 rating from Moody's. The bonds are limited recourse and do not involve state public funds, with payments made through liquidation of BTC held by custodian BitGo if necessary.

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Original Currency

USD

Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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