Bhutan has introduced a new gold-backed digital asset called TER, issued through Gelephu Mindfulness City (GMC) as part of the country’s broader strategy to integrate sovereign technologies and expand its presence in the digital asset sector.
The launch took place on December 11, 2025, marking one of the nation’s most ambitious blockchain initiatives to date. TER is minted on the Solana blockchain and represents ownership of physical gold held in custody. The token is designed to give global investors a secure, blockchain-native method of gaining exposure to gold, combining the safety of real-world assets with institutional-grade digital infrastructure. DK Bank to Manage Distribution and Custody
The exclusive distributor of TER is DK Bank, Bhutan’s first licensed digital bank regulated by the Royal Monetary Authority. The institution will oversee both distribution and custodial services, ensuring compliant, fully regulated access to the new asset.
The tokenization technology behind TER is powered by Matrixdock, the infrastructure provider enabling the issuance and management of the gold-backed asset on Solana.
A Bridge Between Traditional Assets and Blockchain
By issuing a physically backed gold token, Bhutan aims to offer a modern, transparent, and globally accessible method of holding gold. TER allows investors to interact with the asset on-chain while maintaining the protection and security of custodied physical bullion.
The initiative reflects Bhutan’s growing commitment to developing sovereign digital tools and experimenting with next-generation financial frameworks within the Gelephu Mindfulness City project.
