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Bhutan Debuts TER Gold-Backed Token on Solana
Yahoo Finance· 2025-12-11 02:00
Core Insights - Bhutan is expanding its national blockchain strategy with the introduction of a gold-backed digital token called TER, issued by Gelephu Mindfulness City, which is supported by the Kingdom's sovereign framework [1][3] - The TER token aims to bridge traditional value stores and blockchain-based finance, providing international investors with a tokenized version of gold that offers digital custody and global transferability [2][4] Group 1: Token Issuance and Management - The TER tokens are being issued on the Solana blockchain, with DK Bank, Bhutan's first licensed digital bank, managing distribution and custody [2] - Investors can acquire TER directly through DK Bank, combining traditional asset purchase familiarity with the transparency of on-chain ownership [2] Group 2: Economic Diversification and Innovation - Gelephu Mindfulness City is designed to attract global investment and utilize digital assets for financial reserves, forming a crucial part of Bhutan's blockchain strategy aimed at diversifying its economy [3] - The recent announcement from Bhutan follows Kyrgyzstan's launch of USDKG, a gold-backed stablecoin, indicating a trend among small nations to integrate traditional assets with regulated digital finance [4]