3iQ to Manage Digital Assets for Bhutan's Gelephu Mindfulness City

Digital asset manager 3iQ has entered into a strategic partnership with Bhutan's Gelephu Mindfulness City (GMC). As part of the agreement, 3iQ will manage a portion of GMC's Bitcoin reserves and support its objective to establish a next-generation digital asset management ecosystem.

The collaboration aims to advance GMC's vision of creating an institutional-grade digital asset management framework focused on innovation. This initiative is positioned as a component of Bhutan's broader strategy to integrate digital assets into its economic and infrastructural development.

3iQ's role will encompass the management of operational and governance aspects related to the Bitcoin reserves. The partnership is intended to ensure the security and efficient management of these assets, adhering to international standards. Specific financial details or the volume of Bitcoin reserves involved have not been disclosed.

The project highlights a growing trend of nation-states and large urban development projects engaging with digital assets. GMC aims to blend traditional mindfulness principles with modern technology, with digital asset management being a key facet of this integration.