Bhutan Launches Gold-Backed TER Token on Solana Blockchain
Bhutan is advancing its national blockchain initiative with the launch of a gold-backed digital token, known as the TER token. This initiative is backed by the sovereign framework of the Kingdom and facilitated by Gelephu Mindfulness City.
TER Token Overview
The TER token aims to bridge the gap between traditional value storage and blockchain finance. Issued on the Solana blockchain, the tokens are distributed and safeguarded by DK Bank, Bhutan’s first licensed digital bank. Investors can purchase TER tokens directly through DK Bank, making the process both intuitive and transparent.
Investment and Custody Features
- Accessibility: The TER token provides international investors a tokenized version of gold.
- Digital Security: It benefits from modern digital custody solutions and allows for global transferability.
Strategic Goals of Gelephu Mindfulness City
Gelephu Mindfulness City is designated as a special administrative region aimed at attracting global investments. It incorporates digital assets into its financial reserves and innovation ecosystem, aligning with Bhutan’s broader blockchain strategy. This plan seeks to diversify the economy and promote a digitally-oriented future.
Comparative Landscape in Central Asia
Bhutan’s recent move follows Kyrgyzstan’s introduction of USDKG, a gold-backed stablecoin pegged to the U.S. dollar. Kyrgyzstan’s initiative features an initial issuance of $50 million, marking it as one of Central Asia’s pioneering state-supervised digital assets.
Both the TER and USDKG tokens illustrate a growing trend among smaller nations. These countries are leveraging blockchain technology to merge traditional assets, like gold, with regulated digital finance. This approach creates a new model for developing digital assets based on verified reserves.
