Bhutan is going crazy! On National Day, sending 'Digital Gold', a token backed by a sovereign nation is about to launch.

This move from Bhutan has left both the crypto and finance circles bewildered.

At the Solana Summit in Abu Dhabi from December 10-12, the GMC project, personally promoted by Bhutan's king, made big news with the Solana public chain: on December 17, Bhutan's National Day, the world's first gold token backed by a sovereign nation, 'TER' (meaning 'treasure' in Dzongkha), will launch, aiming to bring gold directly onto the blockchain!

Speaking of which, Bhutan has been secretly doing big things since 2019, when it used hydropower to mine Bitcoin. It is now one of the top holders of Bitcoin among sovereign nations and at the beginning of this year, it stockpiled ETH and BNB as strategic reserves, truly embodying the 'quietly making a fortune' approach. And GMC, as Bhutan's innovative urban project, originally aimed to create a sustainable digital financial ecosystem. This collaboration with Solana represents a clear understanding of 'old assets + new technology'.

Let’s focus on this TER token: it's not a worthless token! Each one corresponds to the physical gold in Bhutan's treasury, pegged 1:1, effectively turning gold bars into scannable digital certificates. In the future, you won’t need to go to a jewelry store to carry gold bars; just holding TER allows you to transfer globally at will, with authenticity verifiable on-chain, transparency like no other.

Why choose Solana? They say it very frankly: transactions are incredibly fast (thousands per second), fees are negligible, and it's particularly eco-friendly, perfectly aligning with Bhutan's sustainable philosophy. Moreover, the issuance and custody are handled by reputable entities: GMC issues the tokens, while Bhutan's first licensed digital bank, DK Bank, manages the gold (double regulation, with the Royal Monetary Authority and GMC keeping watch), and the technology is provided by Matrixdock, ensuring high reliability.

How can ordinary people buy it? Just go directly to DK Bank; the process is simpler than buying mutual funds, and it's much more efficient than traditional gold investments. What’s most reassuring is that all gold reserves can be checked on-chain in real-time; you can easily verify whether it's real gold or not, so there's no fear of being scammed.

A sovereign nation entering the gold token space, this backing is tougher than any institution! Will you jump on this wave of 'digital gold'?