New York City is set to launch the world’s first municipal bonds backed by Bitcoin. These financial instruments, known as BitBonds, will enable local governments to raise funds using digital assets rather than traditional currencies. Mayor Adams announced this initiative at the Bitcoin 2025 conference in Las Vegas.
While the specifics regarding interest payments—whether in Bitcoin or traditional currency—are still being finalized, the plan aims to attract the interest of Bitcoin owners. The city intends to expand the use of digital currencies to discover additional sources of revenue.
During his speech, Mayor Adams emphasized that financial innovation is necessary and viewed as a harbinger of change in how we manage money. He made the point that BitBonds was created as part of the region’s broader plans to build its reputation as a global hotspot for crypto finance.