PANews reported on November 19th that, according to Crypto in America, the New Hampshire Business Finance Department (BFA) has approved the first Bitcoin-collateralized municipal bond in the United States, amounting to $100 million. The bond is over-collateralized with BTC held by private custodian BitGo, with the BFA acting as a conduit and having no repayment obligation. The bond structure was designed in collaboration between Wave Digital Assets and Rosemawr. If the value of BTC falls below 130%, the bond will be automatically liquidated to protect the rights of holders. The proceeds will be invested in the "Bitcoin Economic Development Fund" to promote innovation within the state.