NYC Launches $1B BitBonds—First-Ever Bitcoin-Backed Bonds

New York City is shaking up the world of finance. Speaking at the Bitcoin 2025 conference in Las Vegas, Mayor Eric Adams announced that the city plans to issue $1 billion worth of Bitcoin-backed municipal bonds, dubbed BitBonds. This bold move is set to make NYC the first major city to roll out such a financial instrument, tapping into the surging global demand for cryptocurrency investment tools.

Adams’ vision? To position New York as a trailblazer in digital asset innovation and attract both retail and institutional investors seeking the security and potential returns offered by Bitcoin’s robust market performance. With Bitcoin recently hitting an all-time high of $111,970, the timing couldn’t be more striking.

BitBonds: A Glimpse into the Future

Here’s what we know about BitBonds so far:
🔸 Collateral: Backed by Bitcoin, rather than traditional fiat reserves.
🔸 Interest Payments: Still to be determined—could be paid in Bitcoin or U.S. dollars.
🔸 Regulatory Path: NYC will need to secure a BitLicense from the New York State Department of Financial Services (NYDFS) before issuing the bonds.

Mayor Adams has long been a vocal advocate for integrating crypto into NYC’s financial systems. Back in 2021, he famously accepted his salary in Bitcoin, signaling his commitment to the digital asset revolution.

BitBonds: More Than Just Bonds

Adams envisions BitBonds as more than just a new investment tool—they’re part of a broader economic revival strategy for New York City.

🔸 Crypto Council Launch: NYC has established a Crypto Council to guide the city’s transition to digital finance.
🔸 Job Creation: BitBonds could fuel job growth in both the tech and finance sectors, opening doors for innovation-driven employment.
🔸 National Ripple Effect: If successful, NYC’s move could inspire other U.S. cities to explore similar crypto-backed financing options, accelerating digital asset adoption across the country.

Calling this a “bold step toward a new financial era,” Adams is betting that BitBonds will not only cement NYC’s position as a global hub for cryptocurrency innovation but also showcase the city’s willingness to lead in financial transformation.