Bhutan partners with Matrixport to advance digital financial infrastructure and launches the gold-backed token TER project
BlockBeats News, December 11, the Gelephu Mindfulness City Authority (GMCA) announced on December 11 the appointment of Matrixdock, the RWA platform under Matrixport, 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-grade RWA infrastructure to support GMC in establishing a verifiable, transparent, and digital-first financial system.
With the implementation of this partnership, Matrixdock will become one of the earliest technology providers globally to enter the national-level RWA scenario. The pilot of a sovereign gold stablecoin will not only lay the foundation for Bhutan's digital financial architecture but is also expected to become a standardized reference for the industry in the future. Against the backdrop of national-level RWA projects, related pilots will have a profound impact on market foundational standards, technological pathways, and governance models, providing the entire industry with a new source for "pricing systems."
Matrixport CEO John Ge stated: "The financial services license has laid the foundation for our development in Bhutan, and participating in the technical construction of GMC is a key step in our continued commitment. We are honored to support the visionary leadership of the King of Bhutan and the national strategic vision. This collaboration also demonstrates Matrixport's unique capability to connect global technological innovation with sovereign digital financial needs."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Federal Reserve’s Perli: The Fed’s bond purchases will be adjusted according to market conditions, monitoring signals of financing pressure, and maintaining ample reserves.
New York Fed official Perli stated that the current scale of reserve management bond purchases is zero, and future adjustments will be made according to "evolving market conditions," in order to implement the policy of keeping reserves within an ample range. The New York Fed will continue to monitor senior financial officials' assessments of market conditions and track signs of stress in the funding markets. Market participants expect a new round of large-scale net issuance of short-term Treasury bills in October.
After about one month of launch, the Grok Bot AI agent under SpaceX (SPCX.US) has surpassed 400,000 weekly users.
The AI agent product Grok Bot launched by SpaceXAI has surpassed 400,000 weekly users in about a month since its release, indicating a moderate early demand for the product.
Strategy CEO Phong Le Reveals the One Mistake Behind STRC's 25% Collapse
Anthropic launches the cost-effective Opus 5.5 large model ahead of IPO, intensifying the "cost reduction battle"
Anthropic PBC is launching a new artificial intelligence model designed to handle a wide range of enterprise tasks at a lower cost. The startup is preparing for a highly anticipated debut on Wall Street.
Crypto prices
More
