Bhutan issues gold-backed digital token TER on the Solana blockchain

PANews reported on December 11th that, according to CoinDesk, Bhutan is expanding its national blockchain strategy with a gold-backed digital token issued by the Gelephu Mindfulness City, a special administrative region of the country, and backed by the Kingdom's sovereign framework. According to an announcement on Thursday, the TER token aims to become a new bridge between traditional stores of value and blockchain-based finance. The token is issued on the Solana blockchain, with issuance and custody handled by DK Bank, Bhutan's first licensed digital bank. In the first phase, investors can purchase TER tokens directly through DK Bank, combining the familiarity of traditional asset purchases with the transparency of on-chain ownership. The announcement states that TER aims to provide international investors with an accessible, tokenized version of gold, offering the advantages of digital custody and global transferability.