A Himalayan nation just made blockchain history. Bhutan has officially rolled out a sovereign gold-backed token on Solana, marking one of the first instances of a country issuing state-level digital assets tied to physical gold reserves. This move signals growing institutional confidence in blockchain infrastructure for national financial systems. The token leverages Solana's high-speed network, potentially offering faster settlement compared to traditional gold trading mechanisms. As governments worldwide explore central bank digital currencies, Bhutan's experiment with asset-backed tokens could serve as a testing ground for hybrid sovereign-crypto models. The project raises questions about how nations might tokenize reserves moving forward.
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BearMarketMonk
· 12-13 11:46
No wonder it's Bhutan, this move is indeed a bit crazy.
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ForeverBuyingDips
· 12-13 01:44
It's just a change of surface without changing the substance. Can real gold and silver run away?
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OnChainDetective
· 12-12 10:54
ngl the solana network just got way more institutional weight... curious if those reserve claims actually check out tho
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OnChainDetective
· 12-11 09:01
Bhutan choosing Solana? Interesting, the underlying funding chain is worth digging into.
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MrRightClick
· 12-11 08:51
Not bad, another country has entered the market. Bhutan really dares to play.
A Himalayan nation just made blockchain history. Bhutan has officially rolled out a sovereign gold-backed token on Solana, marking one of the first instances of a country issuing state-level digital assets tied to physical gold reserves. This move signals growing institutional confidence in blockchain infrastructure for national financial systems. The token leverages Solana's high-speed network, potentially offering faster settlement compared to traditional gold trading mechanisms. As governments worldwide explore central bank digital currencies, Bhutan's experiment with asset-backed tokens could serve as a testing ground for hybrid sovereign-crypto models. The project raises questions about how nations might tokenize reserves moving forward.