Bhutan has selected Solana to host TER, a sovereign gold‑backed token launching on December 17, 2025, joining earlier state projects and reshaping market expectations for SOL.
Bhutan’s TER will be issued by Gelephu Mindfulness City (GMC) and custodied and distributed by DK Bank, with Matrixdock providing the tokenization technology for the December 17, 2025 launch. Kazakhstan has already deployed Evo, a national stablecoin pegged to the tenge on Solana, developed with Mastercard involvement and oversight from the National Bank of Kazakhstan, while the Central African Republic is exploring land tokenization on the same blockchain.
Tokenization is the process of representing physical assets as digital tokens on a blockchain, and Solana’s selection is attributed to high throughput, very low transaction cost and architectures suited to fractional ownership, near‑instant settlement and real‑time auditability.
With capacity cited at up to 65,000 transactions per second and average fees around $0.00025, these attributes are presented as practical enablers for nation‑scale asset programs and integration with existing financial rails.
Market participants reacted quickly to the sovereign projects, with SOL rising roughly 5.4% over a 24‑hour period while testing key resistance levels near $138.4 and prompting fresh Solana price prediction scenarios. Some forecasting models cited in market commentary project substantially higher targets, with one widely circulated estimate pointing toward $400 for SOL by the close of 2025, contingent on continued network activity growth and improved macro crypto sentiment.
Solana price prediction and market reaction
Experts framing the bullish thesis point to sovereign adoption as a structural demand driver that could shift SOL’s role from a developer‑centric utility token to a protocol underpinning institutional and national infrastructure. The narrative links increased on‑chain activity, higher DeFi total value locked (TVL) and renewed institutional interest with potential upward pressure on token demand and price.
National deployments carry governance and regulatory implications that shape oversight, custody and distribution. Kazakhstan’s model involves central bank oversight for Evo, and Bhutan’s initiative assigns custody and issuance roles to domestic institutions, outlining differing approaches to control and accountability.
In the United States, public discussion about a possible “strategic crypto reserve” that could include multiple tokens has surfaced, while prominent Solana stakeholders warn that centralized reserves could conflict with decentralization principles. The outcome of governance arrangements and regulatory frameworks will influence operational risk, custody models and cross‑border interoperability for sovereign tokens.
Solana’s emergence in state‑led token projects marks a notable shift toward blockchain use in sovereign asset strategies and has sharpened Solana price prediction debates.
