This bill amends current law to allow the state treasurer to invest state funds in precious metals and digital assets. A new section, RSA 6:8-d, is added, defining key terms such as "Exchange-Traded Product," "precious metal," "qualified custodian," and "secure custody solution." The bill specifies that the state treasurer may invest a portion of public funds in precious metals and digital assets with a market capitalization exceeding $500 billion, while ensuring that no more than 5 percent of total public funds are invested in any single asset.

Additionally, the bill outlines the requirements for holding digital assets and precious metals, stipulating that they must be held either directly by the state treasurer, by a qualified custodian, or in the form of an exchange-traded product. The legislation emphasizes the importance of secure custody solutions for digital assets, detailing the necessary security measures and governance structures. The act will take effect 60 days after its passage.