Bhutan Launches Gold-Backed TER Token on Solana

Bhutan has launched TER, a sovereign gold-backed digital token on the Solana blockchain, marking a significant step in the Himalayan kingdom's integration of traditional assets with cryptocurrency technology. The initiative, announced by Gelephu Mindfulness City, a special administrative region aimed at fostering innovation, allows residents and investors to acquire tokenized gold through secure, blockchain-based channels. Physical gold reserves backing the token are custodied by DK Bank, Bhutan's first licensed digital financial institution, while Matrixdock Technology provides the platform for tokenization.

In its initial phase, TER tokens will be distributed directly through DK Bank, mirroring the process of purchasing physical gold from established institutions. Each token represents a fixed amount of verified gold held in custody, enabling on-chain verification, instant settlement, and global transferability. The use of Solana's network ensures low transaction costs and high scalability, making the asset accessible for trading and investment. Officials emphasized that TER serves as a hedge against currency inflation in the digital era, blending the stability of gold with...