This bill proposes the creation of new sections in the North Dakota Century Code to allow for investments in digital assets and precious metals by various state entities, including the board of university and school lands, the state investment board, and the state treasurer. Each entity is permitted to invest up to ten percent of their managed funds in precious metals, digital assets with a market capitalization exceeding five hundred billion dollars, or stablecoins. The bill outlines specific requirements for how these investments must be held, emphasizing secure custody solutions and the use of qualified custodians or exchange-traded products.

Additionally, the bill defines key terms related to digital assets, such as "digital asset," "stablecoin," and "secure custody solution," and establishes guidelines for the management of these investments. It allows for practices like staking and lending of digital assets, provided that the state retains legal ownership and that such actions do not increase financial risk. Overall, the bill aims to modernize investment strategies for state funds by incorporating emerging asset classes while ensuring security and compliance with regulatory standards.