On December 11, the Gleephu Mindfulness City Authority (GMCA) announced the appointment of Matrixdock, Matrixport's RWA platform, as the core tokenization technology partner for its upcoming gold-backed token, TER. Matrixdock will be responsible for building the underlying tokenization technology framework for TER, leveraging its expertise in gold tokenization and institutional-grade RWA infrastructure to support GMC in constructing a verifiable, transparent, and digital-first financial system.
With this collaboration, Matrixdock will become one of the earliest technology providers globally to enter a national-level RWA (Responsible Financial Transaction) scenario. The pilot program for a sovereign gold-backed stablecoin will not only lay the foundation for Bhutan's digital financial architecture but also has the potential to become a standardized benchmark for the industry's future. Against the backdrop of national-level RWA projects, these pilot programs will have a profound impact on market norms, technological pathways, and governance models, providing the entire industry with a new source of "pricing systems."
John Ge, CEO of Matrixport, stated, "The financial services license lays the foundation for our development in Bhutan, and our participation in GMC's technology development is a key step in our ongoing commitment. We are honored to support the visionary leadership and national strategic vision of the King of Bhutan. This collaboration also demonstrates Matrixport's unique ability to connect global technological innovation with the needs of sovereign digital finance."
