Bhutan's authorities have taken a bold step in the cryptocurrency, 320 ETH (approximately $920,800) being moved to Figment for the staking process. This bold step of investing is pointing out a very deep trust of the country in Ethereum's proof-of-stake process and has also made visible the country's amazing interest in and exploration of blockchain technology.
The action is a part of the treasury management diversification and passive income generation by Bhutan. The staking provider Figment offers the highest security and a guaranteed reward distribution, thus becoming the preferred one for institutional investors.
Bhutan's stake is a reflection of its digital assets and blockchain technology integration through a very progressive mindset. The country exploring crypto opportunities is now considering itself one of the fews to promote Web3 adoptions.
