Bhutan announces the issuance of the world's first sovereign gold-backed token TER on Solana

Bhutanese government officials announced another milestone collaboration with Solana at the Solana Breakpoint 2025 summit, taking a key step towards making Bhutan a "crypto-friendly nation": the world's first sovereign gold-backed token will launch on the Solana chain.

The token is named "TER," which means "treasure" in Bhutanese. It is reported that TER will be in the form of an SPL token, pegged 1:1 to Bhutan's treasury gold, auditable in real-time, and settled in seconds, marking its first entry into the on-chain world.