Bhutan Introduces Solana-Based Sovereign Gold Token TER

Bhutan is expanding its commitment to blockchain technology with the launch of TER, a gold-backed digital token developed through the Gelephu Mindfulness City initiative, supported by the country's sovereign framework.

Key Takeaways:

Bhutan has launched TER, a sovereign-backed gold token on the Solana blockchain.
Investors can purchase TER directly through DK Bank, ensuring full on-chain transparency.
This initiative strengthens Bhutan's efforts to create state-backed digital assets.

This project positions Bhutan among a select group of countries exploring state-backed tokenized assets, blending traditional stores of value with advanced financial technologies.

According to a recent announcement, TER will utilize the Solana blockchain and will be distributed and custodied by DK Bank, the first licensed digital bank in Bhutan.

Bhutan Introduces Solana-Based Sovereign Gold Token TER

Direct Bank Sales for Bhutan's Tokenized Gold Asset

In the initial phase, investors will be able to purchase the token directly from the bank, effectively connecting traditional gold purchasing methods with transparent, on-chain ownership.

Officials indicate that this structure allows international buyers to invest in a tokenized form of gold that benefits from the mobility, quick settlement, and global reach offered by digital assets.

TER also serves as a key project for Gelephu Mindfulness City, a specialized administrative zone designed to attract international investment and support Bhutan’s digital economy.

The city is an integral part of the Kingdom's broader strategy to diversify its economy through technology-driven initiatives, which align with cultural values and sustainability goals.

Bhutan’s development follows Kyrgyzstan's recent introduction of USDKG, a state-regulated gold-backed stablecoin, underscoring a trend among smaller nations to utilize blockchain for better management of safe-haven assets.

Beyond being a new investment tool, TER reflects Bhutan’s goal to establish a digital finance ecosystem underpinned by audited reserves and institutional safety measures.

The regulated framework of DK Bank aims to assure both local and international investors of robust custody and compliance practices.

Solana’s high-speed and economical network provides the technological base for TER, with its performance and environmental efficiency being key considerations in the decision to use this blockchain.

This launch is part of a wider national initiative focused on digital innovation. Bhutan has integrated digital assets into its strategic reserves, implemented blockchain identity systems, facilitated crypto-based payments, and utilized hydropower for Bitcoin mining.

The introduction of TER is a significant milestone in this ongoing evolution, positioning Bhutan as a notable player in the expanding market for state-backed tokenized assets.

Libeara Launches Tokenized Gold Fund Backed by SC Ventures

In related developments, Libeara, a blockchain infrastructure platform supported by Standard Chartered’s venture arm SC Ventures, recently launched a tokenized gold investment fund in Singapore, innovatively digitizing one of the world’s most traditional safe-haven assets.

This fund, developed in collaboration with FundBridge Capital, allows professional investors to gain exposure to gold through securities issued as blockchain tokens on Libeara’s platform.

A recent study by Web3 digital asset firm Animoca Brands indicates that the tokenization of real-world assets (RWAs) could tap into a $400 trillion market in traditional finance.

Animoca researchers Andrew Ho and Ming Ruan highlighted that the global market for various financial assets, including private credit, treasury debt, commodities, stocks, alternative funds, and bonds, presents substantial growth opportunities.

They stated, “The estimated $400 trillion addressable TradFi market underscores the potential growth runway for RWA tokenization.”

Additionally, according to the 2025 Skynet RWA Security Report, the market for tokenized RWAs is projected to reach $16 trillion by 2030.