Gelephu, Bhutan — Bhutan has officially brought its national gold reserves into the digital age. Gelephu Mindfulness City (GMC), the country’s flagship innovation district, today unveiled TER, a sovereign-backed digital token fully collateralized by physical gold.
Named after the Dzongkha word for “Treasure,” TER reflects Bhutan’s longstanding tradition of stewardship — and its readiness to fuse cultural heritage with next-generation financial infrastructure.
A Sovereign Digital Asset Rooted in Real-World Gold
As the issuing authority of TER, GMC is positioning Bhutan as one of the first nations to bring sovereign-grade, gold-backed digital assets to the global market. The initiative is part of GMC’s broader mission to build a values-driven digital economy where technology, transparency, and sustainability reinforce each other.
To safeguard the asset and ensure regulated access, GMC has partnered with DK Bank, Bhutan’s first fully digital bank. Regulated by the Royal Monetary Authority of Bhutan and the Gelephu Mindfulness City Authority, DK Bank will serve as the exclusive distributor and custodian of TER.
In its first rollout phase, users will purchase TER directly through DK Bank, mirroring the familiar experience of buying physical gold from a major financial institution—only with the convenience and auditability of blockchain settlement.
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Built on Solana, Powered by Institutional Tokenization Infrastructure
TER will be issued on Solana, selected for its speed, low cost, and energy efficiency. This combination allows Bhutan to deliver a digital asset that is not only globally accessible but also aligned with the Kingdom’s environmental commitments.
To bring the asset onchain securely, GMC has appointed Matrixdock—the real-world asset (RWA) division of Matrixport Group—as its tokenization partner. Known for pioneering institutional-grade gold tokenization, Matrixdock brings the infrastructure necessary for a transparent, auditable, and regulatory-aligned product.
