Bhutan’s gold-backed TER token launches on Solana blockchain network

Bhutan launches TER, a fully gold-backed token on Solana, as part of a wider strategy spanning tokenized assets, CBDC pilots, and Ethereum-based digital ID.​

Summary

• Bhutan’s Gelephu Mindfulness City launches TER, a sovereign-backed token fully collateralized by physical gold and issued on Solana.​
• DK Bank is exclusive distributor and Matrixdock provides tokenization infra, offering on-chain proof of reserves and instant settlement.​
• TER expands Bhutan’s digital strategy alongside a Ripple CBDC pilot, Bitcoin reserves, and a national ID migration to Ethereum by 2026.

Bhutan has launched TER, a sovereign-backed digital token fully collateralized by physical gold reserves, marking the country’s latest move into blockchain technology, according to an announcement from the Special Administrative Region of Gelephu Mindfulness City (GMC).

Bhutan and Solana deepen partnership

The token operates on the Solana (SOL) network and provides blockchain-based representation of gold holdings, offering domestic and international investors on-chain transparency and access to the asset class, the GMC stated.

The TER token is designed to replicate traditional gold ownership while utilizing Solana’s blockchain infrastructure. DK Bank serves as the exclusive distributor, while Matrixdock provides the tokenization infrastructure linking physical gold reserves to the digital token, according to the announcement.

The launch represents part of Bhutan’s broader digital asset strategy, which includes multiple blockchain initiatives. The Royal Monetary Authority previously partnered with Ripple to test a digital version of the ngultrum, the country’s national currency. Bhutan has also accumulated Bitcoin holdings as part of its strategic reserves, according to previous reports.

The country is currently migrating its National Digital Identity platform to the Ethereum blockchain, with completion expected by early 2026, according to government statements.

The token aims to provide instant settlement, global portability, transparent collateral verification, and integration with digital wallets, according to the GMC. The initiative combines gold as a store of value with blockchain infrastructure to create a government-backed tokenized asset.