Endorsed by a sovereign country! Bhutan cooperates with Solana to launch gold token "TER", officially launched on National Day on 12/17

At the Solana Breakpoint 2025 Summit, the official representative of the crypto-friendly country of Bhutan announced that it will launch the world's first gold token "TER" endorsed by a sovereign country on Bhutan's National Day. This digital asset, which is completely anchored 1:1 by physical gold, will be launched on the Solana blockchain, marking a key step for this Himalayan kingdom to become a "crypto-friendly country".
(Preliminary summary: Bhutan will move 800,000 citizens' "national digital identities" into Ethereum, Vitalik: Let the people have the right to control their data with peace of mind)
(Background supplement: Bhutan's Bitcoin value accounts for nearly 40% of GDP, and five years of happy mining has become the world's third largest BTC reserve country)

Contents of this article

At the Solana held in Abu Dhabi from December 10th to 12th At the Breakpoint 2025 Summit, representatives of the Gelephu Mindfulness City of Bhutan (GMC, a special administrative region project) announced another milestone cooperation with the public chain Solana to further promote Bhutan towards a "crypto-friendly country": On December 17, 2025, Bhutan's National Day, the world's first gold token endorsed by a sovereign country will be listed on Solana. The token is named "TER", which means "treasure" in Bhutanese (Dzongkha language).

Cooperation background

Bhutan has been using its abundant hydropower resources for Bitcoin mining since 2019, and has become one of the top countries in the world in terms of Bitcoin holdings among sovereign countries. In addition, at the beginning of this year, GMC announced that it would include Bitcoin, Ethereum and BNB in its strategic reserves, demonstrating its determination to actively deploy in the blockchain field.

As for GMC, this is a special administrative region project promoted by the King of Bhutan. It aims to create an innovative city that focuses on sustainable development and mindfulness, attract global investment and develop a digital financial ecosystem. This cooperation with Solana continues Bhutan’s strategy of combining traditional assets with modern blockchain technology, emphasizing transparency, sustainability and long-term management value. In response, GMC board member Jigdrel Singay said the project demonstrates how crypto-friendly cities can be rooted in Bhutan’s core values through responsible innovation.

What is the TER token?

According to public information, TER is the world’s first digital token endorsed by a sovereign country and completely anchored 1:1 with physical gold. Each TER corresponds to the physical gold held in the Bhutan treasury, providing investors with a convenient way to hold gold while enjoying on-chain transparency and global transferability.

TER’s technology and mechanism

TER is built on the Solana blockchain. According to the official introduction, the reason for choosing Solana is its high efficiency of processing thousands of transactions per second, extremely low handling fees and low-carbon environmental protection concept, which is in line with Bhutan’s sustainable development concept. Tokens are issued by GMC, gold custody and distribution are exclusively handled by DK Bank (Bhutan’s first licensed digital bank, regulated by the Royal Monetary Authority and GMC), and tokenization technology is provided by Matrixdock.

Investors can purchase TER directly through DK Bank and experience a process similar to traditional gold investment but more efficient. All gold reserves can be audited in real time on the chain, ensuring complete transparency and convertibility.