Bhutan launches TER token, an gold-backed asset

Source: CritpoTendencia Original Title: Bhutan launches TER token, an asset backed by gold Original Link: The Kingdom of Bhutan continues its expansion into the world of cryptocurrencies and now introduces the TER token. It is an asset backed by the nation’s gold reserves and built on the Solana blockchain. This is a significant step for a country looking to establish itself as a hub of financial innovation.

The token was launched in the City of Consciousness in Gelephu (GMC), a region created by authorities to integrate innovation and culture. Meanwhile, DK Bank, the country’s first licensed digital bank, will be responsible for custody, distribution, and management of this currency, according to a recent statement.

The goal of this asset is to establish a new standard for digital currencies based on sovereign trust. This aligns with GMC’s vision of becoming a conscious innovation hub, leveraging technology in a transparent, secure manner, consistent with the kingdom’s spiritual values.

GMC’s board director, Jigdrel Singay, highlighted the importance of the TER token for Bhutan: «We are demonstrating how a crypto-friendly city can welcome responsible innovation while remaining rooted in Bhutan’s values of transparency, sustainability, and long-term management».

TER aims to drive innovation in Bhutan

The inherent elements of blockchain technology could turn this initiative into a key project for the kingdom’s strategy. Its pillars include creating a strategic Bitcoin reserve and developing digital mining activities in various regions of the country.

According to data from Arkham, the country has reserves of 540 BTC in its tracked wallets. The largest of these cryptocurrencies accounts for approximately 15% of the nation’s gross domestic product (GDP) in 2025, illustrating the significance of digital assets within its sovereign economy.

Positive results from the government’s foray into the crypto sector have served as a boost to deepen this strategy. From this vision, precisely, the City of Consciousness emerges: a hub where financial innovation and Buddhist cultural values converge.

The TER token thus becomes a tool to fund this project and attract new capital to the region. As observed, cryptocurrencies and blockchain are an integral part of the country’s economy, and authorities show strong determination to sustain this path.

The importance of the Solana blockchain

A key aspect of the project is the selection of the Solana blockchain for the token launch. This is not a random decision but a choice based on its efficiency, scalability, and multipurpose vision, features that align with the government’s intention to promote responsible and sustainable technology.

«The Solana Foundation is honored that the City of Consciousness in Gelephu has chosen Solana as the blockchain infrastructure for TER», expressed Lily Liu, President of the Foundation.

She added that this collaboration demonstrates how future-oriented nations can leverage Solana’s technology to offer high-quality services backed by assets to a global audience, «remaining true to their cultural values and regulatory standards».