[New Hampshire Launches First Bitcoin-Collateralized Municipal Bond] New Hampshire, USA, has approved the nation’s first municipal bond collateralized with Bitcoin, with a scale of $100 million. The bond is authorized by the State Business Finance Authority, and the funds are secured by over-collateralized Bitcoin held in custody by BitGo. Borrowers are required to provide approximately 160% of BTC as collateral, and the system will automatically liquidate positions if the collateralization ratio drops to around 130%. Governor Kelly Ayotte described this move as a 'historic breakthrough in the field of digital finance.' The bond structure was designed by Wave Digital Assets and Rosemawr Management, with compliance architecture supported by the Orrick law firm.