Bhutan has taken a new step in its national blockchain strategy with the launch of TER, a gold-backed token issued by Gelephu Mindfulness City within the framework of the kingdom’s sovereign governance. TER is built as a bridge between traditional assets and digital finance, issued on Solana and managed by DK Bank — Bhutan’s first licensed digital bank — for distribution and custody.
Investors can purchase TER directly through DK Bank, combining familiar asset transaction methods with the transparency advantages of on-chain ownership. The token offers a digitized gold version, capable of digital custody and global transfer.
Gelephu Mindfulness City is a special administrative zone aimed at attracting international investment, utilizing digital assets for financial reserves and developing an innovation ecosystem, playing a key role in Bhutan’s economic diversification strategy.
Bhutan’s move comes shortly after Kyrgyzstan launched USDKG, a gold-backed stablecoin worth $50 million. Both TER and USDKG demonstrate a trend among small countries to apply blockchain technology to connect traditional assets with managed digital finance, creating new models for digital assets based on tangible reserves that are audited.
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