Bhutan Introduces Gold-Backed TER Token on Solana as Part of Significant Digital Asset Initiative

Launch of TER Token: Bhutan has introduced the TER token, a sovereign-backed digital asset fully collateralized by physical gold reserves, utilizing the Solana blockchain for enhanced transparency and accessibility for investors.

Integration with National Digital Strategy: The launch of the TER token aligns with Bhutan's broader digital asset strategy, which includes a CBDC pilot, significant Bitcoin reserves, and an upgrade of its National Digital Identity platform to Ethereum.

Advantages of TER Token: The TER token offers benefits over traditional gold markets, such as instant settlement, global portability, and transparent collateral verification, aiming to modernize Bhutan's financial ecosystem.

Positioning Bhutan in Blockchain: By combining gold's stability with Solana's efficiency, Bhutan seeks to showcase how smaller nations can leverage blockchain technology to enhance economic opportunities and demonstrate technological progress on a global scale.