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In the American state of New Hampshire, a very unusual project in the field of government loans has been launched. They have issued $100 million worth of municipal bonds, which are fully backed by bitcoins.

The main distinguishing feature of this release was the use of a redundancy mechanism. "The bond provides for an oversupply of 160% of the nominal value due to bitcoins held by the custodian." The management of all cryptocurrency assets is entrusted to a specialized custodian, BitGo Trust Company, which guarantees the safe storage of digital assets.

The release is organized by the New Hampshire Office of Business Finance, but the risks associated with fluctuations in the bitcoin exchange rate fall on the shoulders of investors. Such a scheme allows the state to take almost no risks, while benefiting from the use of such a modern financial instrument.

The money received from the sale of bonds and the increase in the value of bitcoins will go to a special development fund. He will support various entrepreneurial initiatives and technology projects in the state.

By creating such a regulated, secure and at the same time innovative financial instrument, the state not only attracts money, but also shows itself to be a leader in combining traditional finance and the digital economy.