Bhutan launches TER, a completely gold-backed token on Solana, as a part of a wider technique spanning tokenized property, CBDC pilots, and Ethereum-based digital ID.
Abstract
- Bhutan’s Gelephu Mindfulness Metropolis launches TER, a sovereign-backed token totally collateralized by bodily gold and issued on Solana.
- DK Bank is exclusive distributor and Matrixdock provides tokenization infra, offering on-chain proof of reserves and instant settlement.
- TER expands Bhutan’s digital strategy alongside a Ripple CBDC pilot, Bitcoin reserves, and a national ID migration to Ethereum by 2026.
Bhutan has launched TER, a sovereign-backed digital token fully collateralized by physical gold reserves, marking the country’s latest move into blockchain technology, according to an announcement from the Special Administrative Region of Gelephu Mindfulness City (GMC).
Bhutan and Solana deepen partnership
The token operates on the Solana (SOL) network and offers blockchain-based illustration of gold holdings, providing home and worldwide buyers on-chain transparency and entry to the asset class, the GMC said.
The TER token is designed to duplicate conventional gold possession whereas using Solana’s blockchain infrastructure. DK Financial institution serves because the unique distributor, whereas Matrixdock offers the tokenization infrastructure linking bodily gold reserves to the digital token, in line with the announcement.
The launch represents a part of Bhutan’s broader digital asset strategy, which incorporates a number of blockchain initiatives. The Royal Financial Authority beforehand partnered with Ripple to check a digital model of the ngultrum, the nation’s nationwide forex. Bhutan has additionally collected Bitcoin holdings as a part of its strategic reserves, in line with earlier experiences.
The nation is at the moment migrating its Nationwide Digital Identification platform to the Ethereum blockchain, with completion anticipated by early 2026, in line with authorities statements.
The token goals to offer instantaneous settlement, international portability, clear collateral verification, and integration with digital wallets, in line with the GMC. The initiative combines gold as a retailer of worth with blockchain infrastructure to create a government-backed tokenized asset.
