Bhutan teams up with Matrixport to advance digital financial infrastructure construction and launches the gold-backed token TER project

BlockBeats News, December 11 — The Gelephu Mindfulness City Authority (GMCA) announced the appointment of Matrixport’s RWA platform Matrixdock as the core tokenization technology partner for the upcoming gold-backed token TER. Matrixdock will be responsible for building the underlying tokenization technology framework for TER, leveraging its technical expertise in gold tokenization and institutional RWA infrastructure to support GMC in establishing a verifiable, transparent, and digital-first financial system. With this collaboration, Matrixdock will become one of the earliest technology providers globally to enter the national-level RWA scene. The pilot of the sovereign-grade gold stablecoin will not only lay the foundation for Bhutan’s digital financial architecture but also potentially set a future industry standard. In the context of national-level RWA projects, the related pilots will have a profound impact on market infrastructure standards, technical pathways, and governance models, providing a new “pricing system” reference for the entire industry. Matrixport CEO John Ge stated: “Having a financial services license has laid the groundwork for our development in Bhutan, and participating in GMC’s technical construction is a key step in our continued investment. We are honored to support the visionary leadership of the King of Bhutan and the national-level strategic vision. This partnership also demonstrates Matrixport’s unique ability to connect global technological innovation with sovereign digital financial needs.”