The post Bhutan Launches TER, a Gold-Backed Digital Token on Solana Blockchain appeared first on Coinpedia Fintech News
Bhutan has introduced TER, a new gold-backed token built on the Solana network, aiming to offer secure digital access to real gold. The project marks another major step in Bhutan’s growing digital strategy, driven by trust, transparency, and long-term value.
Bhutan Launches TER, Gold-Backed Token
According to the announcement issued on December 10, Bhutan’s Gelephu Mindfulness City confirmed the launch of TER, with the token set to go live on December 17 on the Solana blockchain.
Each TER token is backed 1:1 by audited physical gold held by DK Bank, the country’s first regulated digital bank. This gives the token real stability and reduces dependence on market swings.
Choosing Solana as the network allows TER to benefit from fast transactions, low fees, and full on-chain transparency, making TER easy to use and easy to verify.
However, the launch of TER shows that Bhutan wants to connect traditional wealth, like gold, with new digital systems.
Why Bhutan Created TER?
Gelephu Mindfulness City, the authority behind the project, describes TER as a digital asset designed to align with Bhutan’s values of trust, sustainability, and responsible growth. Experts say TER may primarily be used within the City during the early phases.
However, Matrixdock, a licensed digital asset platform, handles the technical backbone.
They provide the infrastructure that converts gold into blockchain-based digital tokens in a regulated, secure, and audited manner.
History Of Bhutan’s Digital Journey
Bhutan is not a newcomer to the blockchain world. The country already mines Bitcoin using hydroelectric power and reportedly holds over 5,984 BTC ( worth around $538 million) in its national reserves.
Along with this, Bhutan has partnered with services like Binance Pay to support digital payments. It has also invested in new blockchain technology and digital ID systems.
All these steps have helped Bhutan build a strong and modern digital foundation before launching its new gold-backed token, TER.
Bhutan’s TER Joins a Growing Global Trend
Other countries are doing the same, like Kyrgyzstan, which launched a gold-backed token called USDKG worth over $50 million. This shows that nations now see blockchain as a modern way to use traditional assets like gold.
With TER, Bhutan wants to join this trend by creating a safe and clear digital token that is fully backed by real gold.