Bhutan has launched the TER gold-backed token! This Himalayan kingdom has released TER, a token backed by physical gold, issued by Gelyup Mindfulness City and custodied by DK Bank, providing a blockchain representation of physical gold. The token operates on a blockchain network, granting investors the portability of digital assets and on-chain transparency while simulating the traditional gold purchasing experience. TER aims to provide international investors with a convenient tokenized version of gold, featuring digital custody and global transferability advantages. Gelyup Mindfulness City, as an innovative zone, utilizes digital assets as financial reserves and components of the ecosystem to achieve economic diversification and a digital future. The announcement states that TER bridges traditional value storage with blockchain finance, with the first phase being directly accessible through DK Bank. This highlights the trend of small economies leveraging blockchain to integrate traditional assets with digital finance, providing a new paradigm for the development of audited reserve digital currencies.
