Florida H0183 allows the Chief Financial Officer to invest up to 10% of state funds in digital assets and exchange-traded products.

Florida H0183 amends state statutes to allow the Chief Financial Officer to invest up to 10% of state funds in digital assets and exchange-traded products. Digital assets can be held directly, by a qualified custodian, or as an exchange-traded product. The bill also allows the Board of Trustees of the State Board of Administration to invest up to 10% of the System Trust Fund in digital assets, subject to certain custody requirements. The bill defines digital assets and exchange-traded products and provides for their valuation and reporting.

Florida H0183 allows the Chief Financial Officer to invest up to 10% of state funds in digital assets and exchange-traded products.

Florida H0183 amends state statutes to allow the Chief Financial Officer to invest up to 10% of state funds in digital assets and exchange-traded products. Digital assets can be held directly, by a qualified custodian, or as an exchange-traded product. The bill also allows the Board of Trustees of the State Board of Administration to invest up to 10% of the System Trust Fund in digital assets, subject to certain custody requirements. The bill defines digital assets and exchange-traded products and provides for their valuation and reporting.