Bhutan Unveils Gold-Backed TER Token, Forging a New Bridge Between Traditional Wealth and On-Chain Finance
Bhutan, a nation increasingly recognized for its forward-thinking approach to digital innovation, has officially launched TER – a groundbreaking, sovereign government-backed digital token underpinned by physical gold. This strategic initiative aims to serve as a crucial bridge between traditional value storage instruments and the burgeoning realm of on-chain finance, marking a significant milestone in Bhutan’s ambitious national blockchain strategy.
According to an official announcement released on Thursday, the TER token will be issued by Gelephu Mindfulness City (GMC), a special administrative region within Bhutan, leveraging the high-performance Solana blockchain as its foundational network. The distribution and secure custody of TER will be meticulously managed by DK Bank, Bhutan’s inaugural licensed digital bank, ensuring institutional-grade reliability and compliance.
In its initial phase, investors will have the convenience of purchasing TER directly through DK Bank. This innovative model seamlessly merges the familiarity and ease of traditional asset acquisition with the inherent transparency, verifiability, and efficiency characteristic of blockchain-based assets. The overarching goal for TER is to provide global investors with an easily accessible, securely digitally custodied, and highly liquid form of tokenized gold for cross-border circulation.
Gelephu Mindfulness City: A Hub for Digital Innovation
The introduction of TER is intrinsically linked to the broader vision of Gelephu Mindfulness City (GMC). Positioned by the Bhutanese government as an innovative demonstration zone, GMC is dedicated to attracting global capital and fostering a vibrant digital economy. Earlier this year, GMC strategically integrated leading cryptocurrencies such as Bitcoin, Ethereum, and BNB into its strategic reserves. Furthermore, it has meticulously developed a robust regulatory framework specifically designed to entice leading blockchain companies and financial service providers, solidifying its commitment to becoming a global leader in the digital asset space.
This pioneering move by Bhutan underscores its commitment to harnessing blockchain technology not just for financial innovation but as a cornerstone of its national development. By bridging the gap between traditional wealth and decentralized finance, the TER token positions Bhutan at the forefront of a new era of digital asset management and cross-border value transfer.
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