Бутан запускает золотой токен на блокчейне Solana: первый шаг к токенизации природных ресурсов Translation: Bhutan launches gold-backed token on the Solana blockchain: a first step towards the tokenization of natural resources.

The Special Administrative Region of Bhutan, known as the City of Consciousness, Gelpehu (GMC), has launched the TER token on the blockchain of Solana. This digital asset is backed by physical gold held in custodial storage.

DK Bank, the country’s first digital bank regulated by the Royal Monetary Authority, serves as the exclusive distributor. The technical infrastructure has been provided by the Matrixdock platform. The name of the token, TER, is derived from a term in the Dzongkha language meaning «treasure.»

Initially, the asset can be purchased directly through DK Bank.

The board of directors at GMC stated that the launch represents a demonstration of how a crypto-friendly city is integrating responsible innovations while upholding traditional values.

Experts noted that tokenization would allow Bhutan to monetize its natural resources without the need for physical extraction and export. In the future, the country may issue tokens backed by silver or other assets.

A similar project has been implemented by Kyrgyzstan, which launched the national stablecoin USDKG, backed by state gold reserves.

The Kingdom is systematically adopting blockchain technologies. Since 2019, Bhutan has been engaging in Bitcoin mining using hydroelectric resources.

According to Arkham Intelligence, Bhutan holds 5,984 BTC, valued at over $536 million, making it the seventh largest national holder of the first cryptocurrency worldwide.

In January, GMC authorities announced plans to include Bitcoin, Ethereum, and BNB in their strategic reserves.

In May, the kingdom partnered with Binance Pay to introduce cryptocurrency payments in the tourism sector.

It is worth noting that in October, it became known that Bhutan would be transferring its national digital identity system from Polygon to Ethereum.