Which gold token launched on SOL?

TLDR

Bhutans sovereign-backed gold token is TER, announced to launch on Solana with each token backed by physical gold held in custody per media reports and an update from Solanas official account here.

1. TER is issued via Gelephu Mindfulness City and distributed by DK Bank, Bhutans first licensed digital bank as reported.
2. The tokenization infrastructure is provided by Matrixdock with on-chain proof of reserves per coverage.
3. Marketnode and Lion Global also announced a Singapore-vaulted gold fund on Solana in a report.

Deep Dive

1. TER Gold Token

TER is Bhutans sovereign-backed, gold-backed token on Solana. It was introduced with official messaging highlighting sovereign support and physical gold backing in custody as reported and echoed by Solanas own update here.

2. Issuance and Custody

Distribution and custody are handled by DK Bank, Bhutans first licensed digital bank, while Matrixdock provides the tokenization stack with on?chain reserves transparency per coverage and technical details.

1. DK Bank acts as exclusive distributor and custodian as reported.
2. Matrixdock supplies infrastructure and proof?of?reserves on chain per the report.

3. Broader Gold Tokenization on Solana

Separately, Marketnode and Lion Global Investors are bringing a Singapore?vaulted physical gold fund on chain on Solana, with insured allocated bars and redemption options as covered.

1. The fund enables on?chain buy/redeem while keeping traditional custody per the report.
2. It adds institutional breadth to gold RWAs on Solana alongside TER per the same coverage.

Conclusion

Answer: TER is the gold token launched on Solana, backed by Bhutans sovereign framework and physical gold in custody. The parallel launch of a Singapore?vaulted gold fund on Solana suggests a broader shift of gold RWAs onto public chains, potentially improving transparency and access for different investor profiles.