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Crypto
New Hampshire rejects bitcoin-backed bond proposal
New Hampshire has rejected a plan to issue $100 million of bitcoin-backed bonds, a proposal that would have created what backers described as the world’s first bitcoin-collateralised municipal bond. The state’s Executive Council voted 3-2 to block the plan after it cleared a Moody’s credit-rating process. Opponents cited cryptocurrency volatility and concerns that the state would legitimise such transactions. Supporters argued bitcoin is established and said the structure would not shift risk to taxpayers.
Crypto
New Hampshire considers $100 million bitcoin-backed bond issue
U.S. state New Hampshire has begun discussions on issuing a $100 million bitcoin-backed bond. The state’s secretary of state’s office said lawmakers plan to take up the proposal at a public hearing. The plan was advanced after the state’s corporate finance authority placed it on the governor and executive council agenda. Governor Kelly Ayotte and a five-member executive council must approve any issuance.
Crypto
Theo becomes first crypto-native platform to allocate funds to Fidelity tokenised fund
On-chain capital markets platform Theo allocated $20 million to Fidelity International’s tokenised liquidity fund, FILQ. The deployment made Theo the first crypto-native platform to allocate capital to a Fidelity International tokenised fund, Cointelegraph reported. The allocation was executed through Swiss digital asset bank Sygnum. As a result, FILQ was included in Theo’s institutional tokenised U.S. Treasury product, thBILL.
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Industry
SpaceX seeks $20 billion investment-grade bond issue
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Crypto
Standard Chartered sees RWA tokenisation market growing to $4 trillion by 2028
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Crypto
EBay rejects $56 billion GameStop bid, spotlight returns to bitcoin strategy
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Crypto
21Shares launches first U.S. spot Canton Network ETF, lists TCAN on Nasdaq
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Crypto
Coinone and KIS Asset Valuation unveil stablecoin index