Bhutan Launches Gold-Backed Anchor Token TER on the Solana Network

BlockBeats News, December 11th, according to Coindesk, Bhutan is expanding its national blockchain strategy, launching the gold-anchored digital token TER issued by Gelephu Mindfulness City and supported by the country's sovereign framework.

According to Thursday's email announcement, the TER token aims to become a new bridge between traditional value storage and blockchain-based finance. The token will be issued on the Solana blockchain and will be distributed and custodied by Bhutan's first licensed digital bank, DK Bank.

In the first phase, investors will be able to purchase TER directly through DK Bank, combining the familiarity of traditional asset acquisition with on-chain transparency.

The announcement states that TER aims to provide international investors with a convenient tokenized version of gold, while offering the advantages of digital custody and global transferability.