The Kingdom of Bhutan has launched TER, a sovereign and gold backed digital token built on the Solana blockchain. Officials announced the release on December 11, 2025, marking an important step in the country’s effort to adopt real world asset tokenization. TER stands for treasure in Dzongkha, which reflects Bhutan’s cultural link to the project.
The token is issued through Gelephu Mindfulness City, a Special Administrative Region known for its progressive blockchain regulations. Each TER token represents physical gold held in secure custody. This approach allows Bhutan to connect a traditional safe haven asset with modern digital finance. DK Bank, the nation’s first regulated digital bank, will serve as the exclusive distributor and custodian. Matrixdock provides the tokenization infrastructure.
A Strategic Move for Bhutan’s Digital Economy
The launch fits into Bhutan’s larger blockchain strategy. The country already holds national Bitcoin reserves, operates hydro powered Bitcoin mining sites, and uses Binance Pay to support tourism transactions. Parts of its digital identity system also run on Ethereum. Together, these initiatives show how Bhutan aims to merge innovation with long term economic stability.
Officials expect initial demand for TER to remain modest, especially within Gelephu Mindfulness City. However, they view the token as a signal that Bhutan plans to expand its digital asset offerings. Industry analysts believe other tokenized commodities could follow, such as silver, gemstones, or assets tied to Bhutan’s strong environmental values.
Why Bhutan Chose Solana
Solana supports high speed transactions with low fees, which makes it a practical choice for real world asset tokenization. Developers commonly use Solana’s SPL token standard to create fractional ownership models for assets like gold. This method offers faster settlement and broader access compared with traditional markets.
Bhutan’s move highlights rising global interest in sovereign backed digital assets. Other nations may watch closely to see whether this model encourages transparency, stability, and economic growth.
