Understanding the Peoples Reserve Government Account
A Peoples Reserve Government Account is a Bitcoin treasury platform designed for municipalities, states, and sovereign entities. It is intended to let a public treasury gain Bitcoin exposure, pursue yield, and borrow against its balance sheet to help fund infrastructure, public services, and strategic initiatives. This article is informational and is meant to explain how the account works and how to begin a conversation with our public sector team.
Learn more about Bitcoin Bonds here.
At a Glance
| Feature | Details |
|---|---|
| Account Type | Public-sector Bitcoin treasury account |
| Eligible Entities | Municipalities, states, and sovereign entities (subject to their own governing law) |
| Onboarding | Streamlined process via the public sector team, initiated through the sign-up form |
| Documentation Required | Proof of government entity status, authorized signatory verification, identity/entity verification |
| Custody | Multi-signature cold storage via BitGo and Fireblocks |
| Compliance | KYB/KYC verification, SOC 2, DLA Piper legal infrastructure |
| Primary Use | Funding infrastructure, public services, and strategic initiatives; treasury yield and Bitcoin exposure |
How it Works
Opening a Government Account begins with the public sector team. Contact them through the sign-up form, and a representative guides your entity through an onboarding process designed for municipalities and government bodies. Required documentation includes proof of government entity status, authorized signatory verification, and identity and entity verification, with the team assisting at each step.
Once funded, public reserves can be allocated to the Bitcoin Bond product, which is intended to let a government hold Bitcoin exposure as part of a reserve strategy while pursuing yield. The Bitcoin Bond is structured with the objective of principal protection: its principal is intended to be backed by U.S. Treasury notes. As with any structured product, that protection depends on the terms and performance of the underlying structure and is not an unconditional guarantee against loss. Positions are designed to generate semiannual distributions paid in prUSD, and the underlying bond is intended to serve as liquid collateral, so your entity may borrow against its par value to fund initiatives without selling the position. Your entity maintains oversight of its holdings throughout.
The Government Accounts Advantage
- Bitcoin Exposure With Access: Provide your municipality or state with Bitcoin exposure while retaining the ability to access funds for strategic ventures or emergencies.
- Principal Protection by Design: The Bitcoin Bond is structured so that its principal is intended to be backed by U.S. Treasury notes, with the objective of protecting the initial capital. This is a design objective, not an unconditional guarantee.
- Bitcoin Powered Yield: Pursue yield on public revenue without tying up equity value on the balance sheet. Yield is variable and not guaranteed.
- Cash Flow Solutions: Support cash flow for local municipality and state treasuries.
- Borrow Against Treasury: Access the purchasing power of your balance sheet against your Bitcoin Bond treasury while maintaining upside exposure. Borrowing against a bond position carries its own risks, which the public sector team will review with you.
- Tailored Vaults: Vault structures configured to fit specific government needs.
Treasury Modeling
The Treasury Modeler is an interactive tool that illustrates how municipal and state reserves might grow under a set of assumptions you choose: investment amount, time horizon, and an assumed Bitcoin compound annual growth rate (CAGR). The outputs are hypothetical illustrations, not forecasts, quotes, or guarantees, and they change entirely with the inputs you select. The assumed 40% Bitcoin CAGR used below is an aggressive input, not a prediction. Bitcoin is highly volatile and has historically experienced large drawdowns, and any strategy involving it can lose value.
Use the calculator here to adjust the inputs and see how the illustration changes. We encourage you to model conservative assumptions as well as aggressive ones.
The example below is a single hypothetical scenario using a $1,000,000 investment, a 5-year horizon, and an assumed 40% Bitcoin CAGR. It is shown for illustration only:
| Strategy | Assumed APY | Illustrative Gain | Illustrative 5-Year Value |
|---|---|---|---|
| Bitcoin Bond | 17.9%+ | +$896,373 | $1,896,373 |
| LGIP (State Pool) | 4.5% | +$246,182 | $1,246,182 |
| U.S. Treasury | 4.3% | +$233,119 | $1,233,119 |
| Money Market | 3.6% | +$195,741 | $1,195,741 |
| Municipal Bonds | 3.5% | +$187,686 | $1,187,686 |
The Bitcoin Bond row reflects the assumed 40% CAGR input; under a lower assumption it would be lower. Benchmark reference points: LGIP (National Association of State Treasurers, March 2026), U.S. Treasury (U.S. 10-Year Treasury via FRED, March 2026), Money Market (Fed Funds Rate via FRED, March 2026), Municipal Bonds (Bloomberg Municipal Bond Index, March 2026). The Bitcoin Bond figure and the benchmark figures may be calculated on different bases and are not a like-for-like comparison. Actual results will differ and may be lower, including the potential for loss.
Important Considerations
- Confirm eligibility first. Public treasuries are typically subject to statutes, ordinances, and investment policies that govern permissible holdings. Before allocating public funds, your entity should confirm that these products are permitted under its governing law and investment policy, and should consult its own legal, financial, and tax advisors.
- Projections are hypothetical. Figures produced by the Treasury Modeler are illustrations based on assumptions you select. They are not offers, quotes, guarantees, or predictions of future results.
- Digital assets carry risk. Bitcoin and digital-asset products are volatile and can lose value. Principal-protection features are governed by the terms of the specific product and are not unconditional.
Institutional Integrity
Your public treasury is supported by established custody partners and compliance practices:
- Institutional Custody: Multi-signature, cold-storage custody through BitGo and Fireblocks.
- Regulatory Compliance: KYB/KYC verification, SOC 2 compliance, audit-ready processes, and DLA Piper legal infrastructure.
- Transparent Reporting: Real-time Proof of Reserves, on-chain audit trails, and on-demand portfolio snapshots.
This article is provided for general informational purposes only and does not constitute investment, legal, tax, or financial advice, nor an offer or solicitation to buy or sell any security or financial product. Digital-asset products involve risk, including possible loss of value. Any figures shown are illustrative and depend on assumptions that may not occur. Government entities should independently verify eligibility under applicable law and investment policy and consult their own advisors before acting.