Bhutan Debuts Sovereign Gold-Backed TER Token
Bhutan has launched the TER token, a Solana-based digital asset backed by physical gold and issued via Gelephu Mindfulness City.Summary
The Himalayan kingdom of Bhutan has introduced the TER token, a sovereign gold-backed digital asset issued through its Gelephu Mindfulness City special administrative region. This token, built on the Solana blockchain, aims to bridge traditional stores of value with blockchain-based finance, offering international investors a tokenized, globally transferable version of gold with digital custody benefits. Distribution and custody are managed by DK Bank, Bhutan's first licensed digital bank, allowing initial acquisition through traditional means. This initiative is part of Bhutan's broader blockchain strategy to diversify its economy. The launch follows a similar move by Kyrgyzstan with its gold-backed USDKG stablecoin, signaling a trend where smaller nations use blockchain to anchor digital assets to tangible reserves.
(Source：CoinDesk)