In a step considered one of the most ambitious in the world of digital assets, the city of Geliwu for Meditation (GMC) – supported by the Kingdom of Bhutan – announced the launch of the TER token: a digital asset backed by actual gold and carrying strong cultural and sovereign value.
✨ What does TER mean?
The name TER means "treasure" in the Dzongkha language, embodying Bhutan's vision of combining:
Authenticity of heritage
and the modern digital economy
while maintaining the values of transparency and sustainability
💠 Who is behind the project?
GMC → the official authority that issues the token
Bank DK → the first digital bank in Bhutan, will be:
the exclusive distributor
custodian of the gold backing the token
and operates under the sovereign supervision of the Bhutanese central bank.
⚡ Why was the Solana network chosen? Because it provides:
high speed
low fees
environmental efficiency
institutional readiness to launch backed assets
This was emphasized by Lily Liu, president of the Solana Foundation, considering that TER represents a model for high-quality sovereign digital products.
🏦 Matrixdock joins the project
As the technical partner responsible for tokenization, to leverage its expertise in gold tokenization and build a reliable financial architecture on-chain.
🛡️ How will TER be purchased? In the first phase:
Purchasing will be directly through Bank DK
with full institutional custody
to make obtaining TER as simple and reliable as if you were buying physical gold from a global bank
📌 Project message:
> "We want to create a digital economy based on values… with roots in real assets and sovereign trust."
— GMC management
This project may become a global standard for how to connect the spiritual traditions of nations with modern technology in the blockchain world.
