This bill amends current law to allow the state treasurer to invest state funds in precious metals and digital assets. A new section, 6:8-d, is added to RSA 6, establishing a strategic reserve for these investments. The bill defines key terms such as "Exchange-Traded Product," "precious metal," "qualified custodian," and "secure custody solution," outlining the criteria for each. Notably, the state treasurer is permitted to invest up to 5 percent of total public funds in these assets, specifically targeting digital assets with a market capitalization exceeding $500 billion averaged over the previous calendar year.

Additionally, the bill stipulates that any digital assets acquired must be held either directly by the state treasurer using a secure custody solution, by a qualified custodian, or in the form of an exchange-traded product. Precious metals can be held as exchange-traded products, in physical form by a qualified custodian, or directly by the state. The bill does not delete any existing legal language but introduces comprehensive new provisions to facilitate these investments, which are set to take effect 60 days after passage.