3iQ to Manage Digital Assets for Bhutan's Gelephu Mindfulness City
3iQ has entered into a strategic partnership with Bhutan's Gelephu Mindfulness City (GMC) to manage a portion of its Bitcoin reserves. The collaboration aims to advance the development of an institutional-grade digital asset management ecosystem.
Canadian digital asset manager 3iQ has announced a strategic partnership with Gelephu Mindfulness City (GMC) in Bhutan. Under the agreement, 3iQ will manage a portion of GMC's Bitcoin reserves.
The collaboration is set to support the vision of building a "next-generation institutional-grade digital asset management ecosystem" focused on innovation and sustainability. This initiative aligns with Bhutan's broader goals for developing the Gelephu region as a future economic hub.
3iQ's expertise in managing digital assets will be instrumental in establishing the framework for GMC's digital asset strategy. The development of Gelephu is guided by principles of mindfulness, sustainability, and digital advancement, aiming to integrate spiritual values with technological progress.
Financial details of the mandate have not been disclosed. This partnership signifies Bhutan's engagement with cryptocurrencies and blockchain technology as part of its economic diversification efforts.