Ambitious GMC Crypto Initiative: Bhutan Partners With Cumberland DRW
Bhutan and Cumberland DRW have signed a multi-year Memorandum of Understanding, marking another strategic move into digital assets. The goal of the collaboration is to establish a full-stack cryptocurrency ecosystem in Gelephu Mindfulness City (GMC). The program is based on King Jigme Wangchuck’s vision and emphasizes institutional-grade cryptocurrency frameworks, stablecoin infrastructure, and talent development. The objective is obvious: create a digital asset center that is investor-friendly, sustainable, and regulated.
From Gelephu Mindfulness City, we are committed to building a responsible, well-governed digital asset hub that supports Bhutan’s broader sustainable development and diversification agenda.
Gelay Jamtsho, Chairman of Green Digital Ltd.
Bhutan Links Green Energy With Institutional Crypto Infrastructure
The agreement connects Cumberland DRW‘s extensive knowledge of the cryptocurrency sector with Bhutan’s advantage in renewable energy. AI computation, next-generation blockchain infrastructure, and sustainable mining will all be aided by green hydropower. Both operational risk and long-term cost efficiency are reduced by this methodology. Investors now have access to cryptocurrency liquidity backed by actual energy assets. Additionally, it presents GMC as an eco-friendly substitute for institutional cryptocurrency activities.
In the past, Bhutan has demonstrated success in this regard. Using green energy, it is among the few independent Bitcoin miners. The nation is also one of the top users of Bitcoin by governments. Its track record bolsters trust in its capacity to safely scale cryptocurrency.
Bhutan Expands Crypto Strategy With Stablecoins and Tokenization
Beyond infrastructure, the MOU makes it possible to establish yield-generating cryptocurrency products and national stablecoins. Priorities include compliant settlement layers and scalable payment rails. This is in line with Bhutan’s larger initiative to tokenize tangible assets. This trend is demonstrated by the recent introduction of a gold-backed token on Solana via GMC.
Clarity of regulations is still a major benefit. The license structure of GMC is made to draw in international cryptocurrency companies while upholding strict oversight. This lowers uncertainty and encourages long-term capital allocation for investors. Bhutan is establishing itself as a reliable and well-regulated participant in the developing field of digital finance as more nations investigate asset-backed tokens.
For more up-to-date crypto news, you can follow Crypto Data Space.
Comments are closed.