Bhutan is expanding its national blockchain strategy with a gold-backed digital token issued by Gelephu Mindfulness City and supported by the Kingdom’s sovereign framework.
The TER token is designed to act as a new bridge between traditional stores of value and blockchain-based finance, according to an email announcement Thursday.
Tokens are issued on Solana, where distribution and storage are handled by DK Bank, Bhutan’s first licensed digital bank. In the first phase, investors can acquire TER directly through DK Bank, combining the familiarity of traditional asset purchases with the transparency of on-chain ownership.
TER is designed to offer international investors an accessible, tokenized version of gold, but with the benefits of digital custody and global transfer, the announcement said.
Bhutan’s Gelephu Mindfulness City is a special administrative region designed to attract global investment, using digital assets for its financial reserves and innovation ecosystem that forms a central part of Bhutan’s blockchain strategy to diversify its economy and create a digitally focused future.
Bhutan’s announcement comes days after Kyrgyzstan unveiled USDKG, a gold-backed stablecoin pegged to the US dollar, with an initial issue of $50 million – representing one of Central Asia’s first state-controlled digital asset initiatives.
TER and USDKG demonstrate a pattern of small nations using blockchain to merge traditional assets like gold with regulated digital finance – offering a new template for developing digital assets anchored in tangible, auditable reserves.
