North Carolina H92 allows the State Treasurer to invest in digital assets under specific conditions.
North Carolina H92, also known as the NC Digital Assets Investments Act, authorizes the State Treasurer to invest in qualifying digital assets. The bill specifies that digital assets must be exchange-traded products with an average market capitalization of at least $750 billion. Investments in digital assets are limited to 10% of the balance of the fund at the time of investment. The State Treasurer can either manage digital assets internally or use third-party investment management arrangements.
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