Overview
- TER is issued by Gelephu Mindfulness City as a state-backed digital representation of physical gold on the Solana network.
- DK Bank, Bhutan’s first licensed digital bank, is the exclusive distributor and custodian, with phase-one access limited to purchases directly through the bank.
- Matrixdock provides the tokenization infrastructure that links on-chain tokens to vaulted bullion with transparent verification.
- Reporting differs on rollout timing, with some outlets describing TER as live and others citing an official debut on December 17, 2025.
- The initiative extends Bhutan’s multi-year blockchain strategy—spanning hydropower-supported Bitcoin mining, a Ripple CBDC pilot, and an Ethereum-based national ID—and follows regional moves like Kyrgyzstan’s USDKG.