Bill > HB302

This bill enables the state treasurer to invest a portion of public funds in precious metals and digital assets with specific guidelines and limitations. The legislation defines key terms such as "exchange-traded product" (ETP), "precious metal" (including silver, gold, and platinum), "qualified custodian", and "secure custody solution", which outlines strict technological and security requirements for holding digital assets. The treasurer is permitted to invest up to 5 percent of total public funds from the general fund, revenue stabilization fund, and other legislatively authorized funds in these assets, but only in digital assets with a market capitalization over $500 billion averaged across the previous calendar year. Digital assets can be held directly by the treasurer using a secure custody solution, by a qualified custodian, or through an exchange-traded product, while precious metals can be held as an ETP, by a qualified custodian in physical form, or directly by the state in physical form. The bill includes detailed security provisions for digital asset storage, such as exclusively controlled cryptographic keys, multi-party governance, and regular security audits. The legislation will take effect 60 days after its passage, providing a new avenue for state treasury investment diversification with robust safeguards.

Budget and Finance, Business and Industry

https://gc.nh.gov/bill_status/legacy/bs2016/bill_docket.aspx?lsr=0700&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB302