Bhutan has officially introduced TER, a gold-backed digital token issued on the Solana blockchain and backed by physical gold held by the DK Bank, the country’s first licensed digital bank. The token is distributed through Gelephu Mindfulness City, a special administrative region designed to attract global investment and innovation.
TER aims to merge traditional asset security with blockchain technology, offering international investors a portable, transparent, and digitally secured version of gold. Purchases through DK Bank allow investors to experience the familiarity of traditional gold ownership while benefiting from on-chain transparency and digital custody.
This launch follows the introduction of USDKG, a gold-backed stablecoin in Kyrgyzstan, highlighting a growing trend among smaller nations to issue asset-backed digital currencies. By tying digital tokens to verified physical reserves, countries like Bhutan are exploring innovative ways to diversify their economies while embracing digital financial infrastructure.
TER represents a strategic step in Bhutan’s broader blockchain initiative, positioning the kingdom as a pioneer in combining sovereign-backed traditional assets with decentralized digital finance.