Bhutan, one of the countries holding the most Bitcoin (BTC), previously attracted attention with its BTC sales, but is now making headlines with a different move.
Accordingly, Bhutan announced the launch of its gold-backed token TER in Solana (SOL).
According to CoinDesk, Bhutan has announced the official launch of TER, a gold-backed token on the Solana blockchain.
TER will be launched through Gelephu Mindfulness City, a special administrative region in Bhutan, and will be backed by physical gold.
Custody and distribution will be handled by DK Bank, Bhutan's first licensed digital bank. Initially, investors can purchase TER directly through DK Bank.
TER is designed to serve as a new bridge between traditional store of value and blockchain-based finance.
According to the statement, TER aims to offer an experience similar to traditional gold investment methods while providing global mobility and digital custody features.
It was stated that the gold-backed TER was issued on Solana (SOL) to take advantage of its transaction speed and scalability benefits.
*This is not investment advice.
