New Hampshire § 399-G-26 - Section 399-G:26 Prudential Standards; Net Worth.

§ 399-G-26. Section 399-G:26 Prudential Standards; Net Worth.

I. A licensee shall maintain at all times a tangible net worth of the greater of $100,000 or 3 percent of total assets for the first $100 million, 2 percent of additional assets for $100 million to $1 billion, and 0.5 percent of additional assets for over $1 billion. II. Tangible net worth must be demonstrated at initial application by the applicant's most recent audited or unaudited financial statements pursuant to RSA 399-G:8, II(f). III. The commissioner shall have the authority to exempt in whole or in part any applicant or licensee from the requirements of paragraphs I and II for good cause shown. IV. For purposes of this section, a licensee that issues proprietary cryptocurrency, non-fungible tokens, or other digital assets shall not include the value of such assets when calculating tangible net worth. For purposes of calculating net worth under this section, cryptocurrency, non-fungible tokens, or other digital assets shall be considered "proprietary" when such assets are developed or created by the licensed entity. Nothing in this paragraph shall prevent a licensed entity from including the reasonable value of cryptocurrency, non-fungible tokens, or other digital assets developed or created by other entities and held as assets when calculating tangible net worth.