Bhutan Teams Up with Matrixport to Advance Digital Financial Infrastructure, Launches Gold-Backed Token TER Project

BlockBeats News, December 11th - The Gelephu Mindfulness City Authority (GMCA) announced the appointment of Matrixdock, a RWA platform under Matrixport, as the core tokenization technology partner for the upcoming gold-backed token TER. Matrixdock will be responsible for building the underlying tokenization technology framework for TER, leveraging its technical expertise in gold tokenization and institutional-grade RWA infrastructure to support the GMCA in constructing a verifiable, transparent, and digitally native financial system.

With this collaboration, Matrixdock will become one of the world's earliest technology providers to enter a national-level RWA scenario. The pilot of a sovereign-level gold stablecoin will not only lay the foundation for Bhutan's digital financial architecture but also is expected to become a reference for standardization in the industry. Against the backdrop of national-level RWA projects, the related pilots will have a profound impact on market infrastructure standards, technical paths, and governance models, providing a new source of "pricing system" for the entire industry.

Matrixport CEO John Ge stated: "The financial services license has laid the foundation for our development in Bhutan, and participation in the GMC's technological development is a key step in our ongoing investment. We are honored to support the visionary leadership of the Bhutanese King and the national strategic vision. This collaboration also demonstrates Matrixport's unique ability to connect global technological innovation with sovereign digital financial needs."