Bhutan launches gold-backed token TER on the Solana blockchain to promote national blockchain strategy

Bhutan recently launched TER, a gold-backed digital token issued by Gelephu Mindfulness City and supported by Bhutan’s sovereign framework. This is a significant step in the country’s blockchain strategy. TER aims to build a bridge between traditional value storage and blockchain finance, providing investors with a secure and transparent digital asset option.

The token is issued on the Solana blockchain and is distributed and custody managed by DK Bank, Bhutan’s first licensed digital bank. In the first phase, investors can purchase TER directly through DK Bank, enjoying the convenience of traditional asset purchasing while possessing on-chain ownership and transparency. TER aims to offer easily accessible tokenized gold for international investors, with advantages of digital custody and global transferability.

Gelephu Mindfulness City, as a special administrative region attracting global investment, is a core part of Bhutan’s blockchain strategy. The project is dedicated to promoting economic diversification and building a digital-centric financial ecosystem, with TER serving as a key tool for strategy implementation.

The launch of TER aligns with the trend of small countries leveraging blockchain to combine physical assets, audited reserves, and regulated digital assets. A few days ago, Kyrgyzstan launched USDKG, a gold-backed stablecoin pegged to the US dollar, with an initial issuance of $50 million, becoming one of the first nationally regulated digital asset projects in Central Asia.

TER and USDKG demonstrate how gold tokenization can serve as a reliable bridge between traditional finance and digital markets. Bhutan’s issuance of TER positions it at the forefront of regulated digital asset adoption, offering global investors a safe and innovative way to invest in gold, while also highlighting the potential for small countries to promote financial diversification and economic innovation through digital tokens. (CoinDesk)