Bhutan Launches TER Gold-Backed Token on Solana
Bhutan rolled out TER on Solana on Dec. 10, 2025, introducing a gold-backed token issued under the Gelephu Mindfulness City initiative. The project positions physical gold reserves as the underpinning asset while leveraging Solana’s low-fee infrastructure to mint and distribute the token. Officials have framed the launch as part of broader efforts to modernize local finance and attract new forms of investment.
The token could broaden access to gold as a digital asset and drive additional activity on the SOL network, potentially supporting use cases from savings to cross-border transfers. Practical impact will hinge on reserve custody, audit transparency and regulatory clarity; if those elements are robust, TER may serve as a notable example of state-linked tokenization bridging traditional assets and blockchain markets.