On December 11, Coindesk reported that Bhutan is currently busy expanding its national blockchain strategy. They have launched a gold-backed digital token called TER, issued by Gelephu Mindfulness City and supported by a national sovereignty framework.

The email announcement on Thursday stated that the TER token aims to bridge traditional value preservation methods and blockchain finance. This token will be issued on the Solana chain, with distribution and custody managed by Bhutan's first licensed digital bank, DK Bank.

In the first phase, investors will be able to purchase TER directly through DK Bank, allowing them to experience the familiarity of buying traditional assets alongside the transparency of on-chain ownership.

The announcement also mentioned that TER aims to provide international investors with a convenient and user-friendly gold tokenization version, featuring digital custody and global transfer capabilities.

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