Predominant highlights:
- Bhutan has launched a digital nomad visa on the Solana blockchain.
- To acquire a visa, you’ll need TER, a gold-backed stablecoin.
- Bhutan would be the first nation to launch such an initiative.
Bhutan has launched a brand new digital nomad visa that makes use of blockchain know-how (particularly Solana) to make the visa utility course of and administration system extra fashionable and safe. Launched by the Gelephu Mindfulness Metropolis Administration in collaboration with NomadClub, this system will make it simpler for individuals working remotely, together with freelancers, creators and technical professionals, to stay and work in Bhutan.
The Authorities of Bhutan (@gmcbhutan) has launched the world’s first @Solana sponsored visa for digital nomads.
– Buy $10,000 value of TER, tokenized gold on Solana + $2,800 utility price
– Keep as much as 36 months in one of the vital lovely international locations on the earth
– Get your $10,000 again… pic.twitter.com/reyzgDWNCz— Vibhu (@vibhu) February 24, 2026
What makes it distinctive is that it implements a classy crypto-based system based mostly on the Bhutanese philosophy of prioritizing happiness and well-being (referred to as Gross Nationwide Happiness).
What’s TER?
In keeping with the official web site, TER is a digital foreign money constructed on the Solana blockchain. What makes this particular is that every TER token is backed by actual gold. Every TER represents a small portion of the particular 999.9% pure gold safely saved in vaults all over the world. It’s issued by the Gelephu Mindfulness Metropolis Authority and distributed by DK Financial institution.
The most effective half is that TER is steady as it’s linked to gold and will also be redeemed for actual gold if wanted. TER combines the reliability of gold with the combination of blockchain know-how to make gold a safer and extra sensible digital foreign money.
Easy and versatile visa course of
The visa course of could be very easy and versatile. There isn’t a strict requirement that you just want a sure earnings to acquire a visa. This program is aimed toward individuals within the know-how and sustainability fields.
Candidates should pay a price of $2,800 to the Gelefu Mindfulness Metropolis Authority and deposit $10,000 with TER by DK Financial institution, which is refundable. The visa is legitimate for 12 months, however could be prolonged for twenty-four to 36 months.
TER is constructed on Solana, so charges are low and transactions are quick. Gold backing protects customers from sudden modifications out there that may trigger giant fluctuations within the value of the token. The primary objective is to supply a steady and fashionable approach for digital nomads to stay and work on this nation.
Bhutan’s distinctive visa mannequin
A number of international locations have launched digital nomad visas, together with Estonia, Portugal, and the United Arab Emirates, however these applications wouldn’t have blockchain built-in.
El Salvador, then again, has accepted cryptocurrencies on the nationwide stage and has additionally tied cryptocurrencies to residency choices, but it surely doesn’t provide visas tied to stablecoins backed by real-world property resembling gold.
With the launch of this initiative, Bhutan will grow to be the primary nation to mix digital visas with blockchain know-how and a gold-backed digital foreign money. The initiative will even promote tourism, funding alternatives and enhance visibility at a worldwide stage.
Furthermore, with this initiative, Bhutan is taking tokenization past funding into actual, on a regular basis use, so this can be a big deal. Right here, gold-backed digital property (TER) are essentially tied to real-world processes, as they aren’t simply one thing to commerce, however one thing you must acquire a visa. This additionally exhibits that tokenized property usually are not restricted to the DeFi ecosystem. This transfer might trigger numerous different international locations to additional think about RWA and comply with swimsuit.
Additionally learn: Bhutanese authorities strikes $107 million in Bitcoin: How BTC introduced the nation to consideration
