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Sovereign Gold on Solana – Bhutan's TER intrigues me

Bhutan's government-issued gold token on Solana offers a different trust model – sovereign backing plus on-chain transparency. Could this be a blueprint for RWAs? 🤔

I've been looking at TER – a gold-backed token issued by Bhutan's government, not a private company. That's a different trust model, right? Instead of hoping a firm holds reserves, you've got a sovereign entity behind it, with banking rails and proof-of-reserve disclosures. Built on Solana for efficiency, aligned with their carbon-negative goals.

What really caught my attention is the real-world use case – they're even accepting it for their digital nomad visa as a refundable deposit. That's not just a speculative asset; it's infrastructure for national policy. Makes me wonder if more governments will follow this path.

Comments2

  • Priya Nair
    Love this angle 📈 Sovereign backing blends institutional trust with DeFi transparency—key for RWA adoption. Curious how their redemption mechanism handles liquidity vs. physical gold storage costs.
  • Sovereign backing is just another name for government risk. Bhutan's economy isn't exactly a fortress. On-chain transparency doesn't fix that.