Bhutan Introduced Gold-Backed Token on Solana

Digital Gold Innovation from Bhutan

Bhutan has introduced a gold-backed token called TER. This token is being issued through Gelephu Mindfulness City and is custodied by DK Bank. TER offers a blockchain-based representation of physical gold, providing international investors with digital portability and transparency.

This token presents a new option for investors by delivering the classic gold purchasing experience in a digital format. TER comes after the launch of Kyrgyzstan's USDKG token, highlighting a trend of smaller countries issuing asset-backed digital currencies based on regulated reserves. This development is evolving within the broader economic and technological strategies of countries.