**[New Hampshire Approves the Issuance of the First Bitcoin-Backed Municipal Bond]** BlockBeats News, November 19: New Hampshire has just become the first state to approve a municipal bond backed by Bitcoin, a milestone event that could pave the way for digital assets to enter the $140 trillion global debt market. On Monday, the state’s business financing agency—the Business Finance Authority (BFA)—approved an unprecedented $100 million Bitcoin-backed conduit bond, allowing companies to borrow using over-collateralized Bitcoin held by private custodians as collateral. It is reported that although the BFA is a state government agency, the bond is not guaranteed by the state government or taxpayers. The BFA acts solely as an intermediary, responsible for approving and overseeing the transaction without assuming repayment risk. Investors’ interests are secured by Bitcoin held in custody by BitGo.