Bhutan Launches Gold-Backed TER Token on Solana Blockchain
- Bhutan launches gold-backed TER token on Solana through DK Bank, advancing its national blockchain strategy.
- TER enables traceable, tokenized gold ownership, offering global investors easy access during early distribution.
- Project ties into Gelephu Mindfulness City, supporting Bhutan’s tech-driven economic vision and digital asset initiatives.
Bhutan takes a major step in its national blockchain development with the launch of TER, a gold-backed token issued in collaboration with Gelephu Mindfulness City and supported by the kingdom’s sovereign framework.
This move brings Bhutan into a small set of nations that are investigating tokenized government assets, combining conventional stores of value such as gold with a new generation of finance.
According to the announcement released on Thursday, “TER will run on the Solana blockchain and will be issued, distributed, and stored by DK Bank, which is Bhutan’s first fully licensed digital bank.
Bhutan Strengthens Tech Vision With TER
During the early launch, investors will be able to acquire TER directly from DK Bank, a process that reflects common practices for purchasing gold, with a new form of ownership that has a completely traceable record on the blockchain. This design aims to facilitate access for worldwide investors to acquire tokenized gold with easy mobility.
TER is also known as a hallmark project of Gelephu Mindfulness City, a special economic zone that focuses on foreign investments to develop the country’s tech ecosystem. This city is a key part of the kingdom’s plan to develop its economy using technology that fits its culture and sustainability strategies.
This initiative makes the country one of a very short list of nations that are piloting tokenized government assets. Very recently, in fact, Kyrgyzstan introduced the USDKG token, which is pegged to gold and managed by its government.
The other digital initiatives that are being pursued in Bhutan include integrating digital assets into national reserves, developing blockchain-based identity platforms, facilitating payments using cryptocurrencies, and leveraging hydropower resources for Bitcoin mining. The launch of TER further enhances this digital plan and marks Bhutan as a rising force in blockchain government-related innovations.
Also Read | SwissBorg and Mastercard Team Up for Seamless Crypto-to-Fiat Payments
Bhutan Enters $400 Trillion Tokenization Wave
Globally, there has been a rising interest in tokenizing various traditional assets. This week, a tokenized gold fund was rolled out in Singapore by a company called Libeara, which has been supported by SC Ventures from Standard Chartered.
Meanwhile, a report from Animoca Brands believes that RWA tokenization can unlock a $400 trillion market in traditional finance. The 2025 report on Skynet RWA Security also projects that this industry has a potential value of $16 trillion in 2030.
With TER, Bhutan is establishing its own niche in this ever-growing sector, merging a rich tradition with cutting-edge technology.
Also Read | Bitcoin (BTC) Market Shows Signs of Strain as Long-Term Holder Selling Accelerates: Glassnode
