Bhutan has taken another step in expanding its national blockchain strategy by introducing TER, a gold-backed digital token developed under the Gelephu Mindfulness City initiative and supported by the kingdom’s sovereign framework.
According to the announcement, TER aims to create a bridge between traditional value stores such as physical gold and the fast-growing world of blockchain-based finance.
The token is issued on the Solana blockchain, while DK Bank, Bhutan’s first licensed digital bank, manages its custody and investor distribution.
In the first phase, global investors can acquire TER directly through DK Bank, combining conventional asset purchase processes with the transparency and verifiability of on-chain records.
The initiative supports the broader vision of Gelephu Mindfulness City, which seeks to attract international investment while positioning Bhutan as a hub for digital innovation.
The launch comes shortly after Kyrgyzstan unveiled its USDKG gold-backed stablecoin, highlighting a rising global trend of smaller nations using blockchain to tokenize traditional reserves and create trusted, regulated digital assets.
You need to login in order to Like
Leave a comment