Overview
- TER is issued by Gelephu Mindfulness City as a sovereign-backed token fully collateralized by physical gold and recorded on the Solana blockchain.
- DK Bank, Bhutan’s first licensed digital bank, is the sole distributor and custodian, with initial purchases available directly through the bank.
- Matrixdock supplies the tokenization infrastructure under a Gelephu Mindfulness City financial services license.
- The initiative builds on Bhutan’s broader program that includes hydro-powered Bitcoin reserves, a Ripple CBDC pilot, and migration of national digital identity to Ethereum by early 2026.
- The launch comes days after Kyrgyzstan’s USDKG issuance, underscoring a trend of smaller states introducing regulated, asset-backed digital instruments.