Bhutan is expanding its national blockchain initiative with a gold-backed digital token introduced by Gelephu Mindfulness City, supported by the Kingdom’s sovereign framework.
The TER token aims to bridge traditional value assets and blockchain finance, as stated in an announcement sent via email on Thursday.
Tokens are being launched on the Solana blockchain, with DK Bank, Bhutan’s first licensed digital bank, managing distribution and custody. In the initial phase, investors can purchase TER directly through DK Bank, merging the familiarity of traditional asset buying with the clarity of on-chain ownership.
TER is intended to provide international investors with an accessible, tokenized representation of gold, offering the advantages of digital custody and global transferability, according to the release.
Gelephu Mindfulness City in Bhutan is a unique administrative region aimed at attracting global investments and utilizing digital assets for its financial reserves and innovation ecosystem, playing a crucial role in Bhutan’s blockchain strategy to diversify its economy and foster a digitally driven future.
This announcement from Bhutan comes just shortly after Kyrgyzstan introduced USDKG, a gold-backed stablecoin pegged to the U.S. dollar, with an initial issuance of $50 million — marking one of Central Asia’s earliest state-supervised digital asset initiatives.
Both TER and USDKG highlight a trend among small nations leveraging blockchain to integrate traditional assets like gold with regulated digital finance, presenting a new model for developing digital assets anchored in tangible, audited reserves.
