Based on Crypto.News, Bhutan has launched TER, a sovereign-backed digital token fully collateralized by physical gold reserves, operating on the Solana blockchain. The token is part of Bhutan’s broader digital strategy, which includes a Ripple CBDC pilot, Bitcoin reserves, and a national ID migration to Ethereum by 2026. DK Bank serves as the exclusive distributor, while Matrixdock provides the tokenization infrastructure.
Bhutan Launches Gold-Backed TER Token on Solana Blockchain
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Summary
Bhutan announced a new token launch news: the TER digital token, backed by gold reserves and built on Solana. DK Bank is the sole distributor, with Matrixdock handling the infrastructure. This on-chain news marks Bhutan’s latest step in its digital strategy, which includes a Ripple CBDC pilot, Bitcoin holdings, and a national ID shift to Ethereum by 2026.
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