Bhutan Launches TER Gold-Backed Token on Solana Blockchain

The sovereign-supported TER token, issued via Gelephu Mindfulness City and custodied by DK Bank, offers international investors a transparent, portable digital representation of physical gold.

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Summary

Bhutan has introduced TER, a gold-backed digital token supported by the Kingdom’s sovereign framework, issued through Gelephu Mindfulness City and custodied by DK Bank. Running on the Solana blockchain, TER provides a tokenized version of physical gold with on-chain transparency and global portability, aimed at bridging traditional asset ownership with blockchain finance. This initiative forms part of Bhutan’s national blockchain strategy and follows Kyrgyzstan’s launch of USDKG, reflecting a growing trend among smaller nations to create asset-backed digital currencies tied to audited reserves.

Terms & Concepts
  • Gold-backed token: A cryptocurrency whose value is linked to a specific amount of physical gold held in reserve.
  • Solana blockchain: A high-performance blockchain platform known for fast transaction speeds and low costs, used to issue the TER token.
  • Tokenization: The process of converting ownership rights to an asset into a digital token on a blockchain.