Bhutan Debuts Blockchain-Based Gold Investment with TER Token

TLDR

• Bhutan introduced TER, a gold-backed token issued via Gelephu Mindfulness City, supported by physical gold.
• The token runs on the Solana blockchain, ensuring high-speed transactions and global transferability for investors.
• TER is custodied by DK Bank, Bhutan’s first licensed digital bank, combining traditional gold purchases with digital asset transparency.
• The initiative is part of Bhutan’s strategy to diversify its economy and integrate blockchain technology into financial markets.
• Bhutan’s move follows Kyrgyzstan’s launch of USDKG, showcasing the trend of smaller nations embracing asset-backed digital currencies.

Bhutan has launched TER, a gold-backed token on the Solana blockchain, aiming to offer investors a digital alternative to traditional gold investments. The token, issued through Gelephu Mindfulness City, is backed by physical gold and custodied by DK Bank. TER combines the benefits of digital assets with the security of tangible reserves, offering international portability and on-chain transparency.

TER Gold-Backed Token Issued via Gelephu Mindfulness City

The Kingdom of Bhutan has introduced TER, a blockchain-based gold-backed token. The token is issued by Gelephu Mindfulness City, which aims to attract global investment through digital asset innovations. The initiative is a part of Bhutan’s broader strategy to diversify its economy and integrate blockchain technology.

TER is backed by physical gold and is stored in custody by DK Bank, Bhutan’s first licensed digital bank. The token’s primary goal is to provide investors with a secure and transparent way to invest in gold digitally. DK Bank will distribute the token directly to investors, offering a blend of traditional gold purchase methods with blockchain transparency.

According to Bhutan’s government, TER will give investors the benefits of gold ownership while maintaining the flexibility of digital assets. Investors can acquire TER tokens, which represent real gold stored securely, through DK Bank. The government’s announcement emphasizes that the token aims to bridge traditional stores of value and blockchain-based finance.

TER Token on Solana Blockchain for Global Accessibility

TER runs on the Solana blockchain, providing high-speed transactions and global transferability. The Solana network offers a digital environment where investors can easily track and manage their gold-backed assets. The blockchain ensures transparency, making it easier to verify the token’s value and its backing by physical gold.

The use of Solana’s network allows international investors to engage with the token digitally, making gold ownership more accessible. Bhutan’s focus on Solana highlights its commitment to leveraging blockchain technology for economic growth and innovation. The token’s integration into a widely-used blockchain enhances its potential to attract foreign investment.

Bhutan’s introduction of TER follows Kyrgyzstan’s similar move with USDKG, a gold-backed stablecoin pegged to the U.S. dollar. Both countries are exploring blockchain to connect traditional assets with digital finance. The TER token and USDKG represent a growing trend of smaller nations using blockchain for asset-backed currencies.

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