New Hampshire’s Bitcoin-backed municipal bond receives Ba2 rating from Moody’s, marking the first instance of a public finance instrument backed by cryptocurrency.
New Hampshire issued a Bitcoin-backed municipal bond that received a Ba2 rating from Moody’s on April 1, 2026, marking an unprecedented first in public finance. The bond represents the first time a U.S. municipality has secured a credit rating for a debt instrument backed by cryptocurrency assets.
The Ba2 rating places the bond in the upper-medium grade category, indicating moderate credit risk. This development signals growing acceptance of Bitcoin collateral in traditional municipal financing, though the long-term implications for public finance remain untested.
Sources: Cointelegraph
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