February 24 News, the on-chain analytics platform Nansen announced that it will establish a local operational entity in Glep Meditation City (GMC), Bhutan, and form a Bhutan team to provide data analysis and localization support for the continuously expanding digital asset infrastructure in this special administrative region. This move is seen as an important step in Bhutan building a sovereign-level digital asset ecosystem and also reflects the rising demand for on-chain data services and institutional-grade analysis tools in emerging crypto jurisdictions. According to Nansen CEO Alex Svanevik, this plan is not a headquarters relocation; the company will still keep Singapore as its core base, and this is an addition of a physical entity in GMC. The key reason for choosing Bhutan is its "value-driven" economic zone model, which integrates crypto assets, regulatory frameworks, and financial infrastructure from the ground up, rather than adding digital asset policies retroactively.

ChainCatcher News, the Kingdom of Bhutan announced that it will utilize 10,000 Bitcoin (approximately $875 million) from its Bitcoin reserves to build the Glerup Mindfulness City (GMC). It is estimated that Bhutan currently holds about 11,286 Bitcoins, worth over $986 million, making it the fifth-largest Bitcoin holder in the world. This special administrative region in southern Bhutan was launched in 2024, covering approximately 1,544 square miles (about 10% of Bhutan's land area). The project aims to attract enterprises in finance, technology, tourism, and other sectors, create high-value jobs, and prevent the outflow of young talent. The project will be developed in phases over the next 20 years and has introduced a gold-linked sovereign digital token, TER. The King of Bhutan emphasized that this development will ensure that the country's 790,000 population shares in prosperity.