Bhutan Debuts TER Gold-Backed Token on Solana

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bhutan Debuts TER Gold-Backed Token on Solana The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City. By Jamie Crawley , AI Boost | Edited by Nikhilesh De Dec 11, 2025, 2:00 a.m. What to know : Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold. The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases. TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies. Bhutan is extending its national blockchain strategy with a gold-backed digital token issued by Gelephu Mindfulness City and supported by the Kingdom’s sovereign framework. The TER token is designed to act as a new bridge between traditional value stores and blockchain-based finance, according to an emailed announcement on Thursday. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Tokens are being issued on Solana, with distribution and custody handled by DK Bank, Bhutan’s first licensed digital bank. In the first phase, investors can acquire TER directly through DK Bank, combining the familiarity of traditional asset purchases with the transparency of on-chain ownership. TER is designed to offer international investors an accessible, tokenized version of gold but with the benefits of digital custody and global transferability, the release said. Bhutan's Gelephu Mindfulness City is a special administrative region designed to attract global investment, using digital assets for its financial reserves and innovation ecosystem, forming a key part of Bhutan's blockchain strategy to diversify its economy and create a digitally-focused future. Bhutan’s announcement comes just days after Kyrgyzstan unveiled USDKG, a gold-backed stablecoin pegged to the U.S. dollar , with an initial issuance of $50 million — representing one of Central Asia’s first state-supervised digital-asset initiatives. TER and USDKG demonstrate a pattern of small nations using blockchain to fuse traditional assets like gold with regulated digital finance — offering a new template for digital-asset development rooted in tangible, audited reserves. Bhutan Gold Solana News AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. 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