{"id":92079,"date":"2025-12-11T12:18:59","date_gmt":"2025-12-11T09:18:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92079"},"modified":"2025-12-11T12:20:15","modified_gmt":"2025-12-11T09:20:15","slug":"bhutan-launches-gold-backed-token-on-solana","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bhutan-launches-gold-backed-token-on-solana\/","title":{"rendered":"Bhutan Launches Gold-Backed Token on Solana"},"content":{"rendered":"<p>The Special Administrative Region of Bhutan, the City of Mindfulness Gelephu (GMC), has <a href=\"https:\/\/www.coindesk.com\/business\/2025\/12\/10\/bhutan-debuts-ter-gold-backed-token-on-solana\">introduced<\/a> the TER token on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> blockchain. This digital asset is backed by physical gold held in custodial storage.<\/p>\n<p>DK Bank, the country&#8217;s first digital bank regulated by the Royal Monetary Authority, is the exclusive distributor. The technical infrastructure is provided by the Matrixdock platform. The token&#8217;s name, TER, is derived from a word in Dzongkha meaning &#8220;treasure.&#8221;<\/p>\n<p>Initially, the asset can be purchased directly through DK Bank.<\/p>\n<p>The GMC board of directors described the launch as a demonstration of how a crypto-friendly city can implement responsible innovations while preserving traditional values.<\/p>\n<p>Experts have noted that <a href=\"https:\/\/forklog.com\/en\/news\/what-are-rwas-real-world-assets\">tokenization<\/a> will allow Bhutan to monetize natural resources without the need for physical extraction and export. In the future, the country may issue tokens backed by silver or other assets.<\/p>\n<p>Previously, Kyrgyzstan implemented a similar project by launching the national stablecoin USDKG, backed by state gold reserves.<\/p>\n<h2 class=\"wp-block-heading\">Bhutan&#8217;s Crypto Strategy<\/h2>\n<p>The kingdom is systematically integrating blockchain technologies. Since 2019, the country has been engaged in Bitcoin mining using hydropower resources.<\/p>\n<p>According to <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/druk-holding-investments\">Arkham Intelligence<\/a>, Bhutan holds 5,984 BTC valued at over $536 million, making it the <a href=\"https:\/\/bitcointreasuries.net\/\">seventh-largest<\/a> state holder of the world&#8217;s first cryptocurrency.<\/p>\n<p>In January, GMC authorities <a href=\"https:\/\/gmc.bt\/digitalassets\">announced<\/a> plans to include Bitcoin, Ethereum, and BNB in strategic reserves.<\/p>\n<p>In May, the kingdom, in partnership with Binance Pay, <a href=\"https:\/\/forklog.com\/en\/news\/bhutan-introduces-cryptocurrency-payments-for-tourists\">introduced<\/a> crypto payments in the tourism sector.<\/p>\n<p>Back in October, it was revealed that Bhutan <a href=\"https:\/\/forklog.com\/en\/news\/bhutan-to-transition-national-id-system-to-ethereum\">will transfer<\/a> its national digital identification system from <a href=\"https:\/\/forklog.com\/en\/news\/what-is-polygon-matic\">Polygon<\/a> to Ethereum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Special Administrative Region of Bhutan, the City of Mindfulness Gelephu, has launched the TER token on the Solana blockchain.<\/p>\n","protected":false},"author":1,"featured_media":92080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bhutan's Gelephu introduces gold-backed token on Solana.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1676,536,1159,596],"class_list":["post-92079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bhutan","tag-gold","tag-solana-sol","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"281","promo_type":"1","layout_type":"1","short_excerpt":"Bhutan's Gelephu introduces gold-backed token on Solana.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92079"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92079\/revisions"}],"predecessor-version":[{"id":92081,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92079\/revisions\/92081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92080"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}