Bhutan is launching TER, the world’s first sovereign-backed, physical gold-backed digital token, through its Gelephu Mindfulness City (GMC) special administrative region.

Scheduled to debut on December 17, 2025, TER is a Solana-based token designed to bridge traditional asset ownership with regulated, transparent digital finance. DK Bank, Bhutan’s first licensed digital bank, will exclusively handle distribution and custody, ensuring a secure and compliant framework.

The initiative is a cornerstone of Bhutan’s broader national strategy to strengthen digital sovereignty, diversify its economy, and establish GMC as a hub for global investment and innovation. This move places Bhutan within a growing trend of smaller nations utilizing blockchain technology to link tangible assets like gold to regulated digital financial systems, creating a new model grounded in audited physical reserves.