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.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.
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.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Brazil’s largest private bank advises investors to allocate 3% to Bitcoin in 2026
Brazil’s largest private bank says Bitcoin can improve portfolio diversificat
Share
Coinstats2025/12/13 15:30
CME Group to launch options on XRP and SOL futures
The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval. CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval. The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction. The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team. ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
Tether Wants to Acquire Football Club Giant Juventus
Stablecoin issuing company Tether has made headlines with its latest move. The stablecoin issuing company announced it has submitted a proposal to acquire Exor’
Share
Coinstats2025/12/13 16:13