# TER

> The future of gold ownership

TER is a gold-backed digital token issued by Bhutan's Gelephu Mindfulness City Authority, representing physical gold held in audited vaults on the Solana blockchain.

TER is a sovereign-backed gold tokenization project issued by the Gelephu Mindfulness City Authority (GMCA) of Bhutan and distributed exclusively by DK Bank, the country's first licensed digital bank. Users can purchase TER to gain on-chain ownership of physical gold held in audited vaults, redeemable for the underlying metal at any time. Built on Solana, TER is the collateral asset for Bhutan's digital nomad visa programme.

- Type: Government
- Sector: Finance
- Status: Active
- Founded: 2025-12-01
- Profile: https://thegrid.id/profiles/ter

## Products

- [TER Stablecoin Issuance](https://thegrid.id/profiles/ter): TER is a stablecoin issuance platform that mints gold-backed digital tokens on Solana against verified physical gold reserves custodied by DK Bank. Each token represents fractional ownership of sovereign-held gold managed by GMCA, with supply directly tied to audited reserve deposits. Users acquire TER via the platform portal, with the token underpinning Bhutan's digital nomad visa programme. (Stablecoin Issuer, Live, Main Product)

## Assets

- [TER (TER)](https://thegrid.id/profiles/ter): TER is a gold-backed digital token issued by the Gelephu Mindfulness City Authority of Bhutan. It is used for value storage, physical gold redemption, and as a required deposit in Bhutan's Solana-based digital nomad visa programme. Unlike traditional gold investment, TER enables fractional on-chain ownership of sovereign-held physical gold stored in audited international vaults. (Stablecoin)

## Links

- [Main](https://ter.bt)
- [Terms of Service](https://drive.google.com/file/d/1DdlcUm-T6ahjdEMtD97CVsxcdP0OpSvV/view)
- [Privacy policy](https://www.dk.bt/privacy-policy)
- [Twitter / X](https://x.com/gmcbhutan)

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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
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- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
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- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

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- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP