Bhutan’s Gelephu Partners with 3iQ for Bitcoin Treasury Management

Bhutan's Gelephu Mindfulness City (GMC) has partnered with Canadian digital-asset manager 3iQ to manage a portion of its Bitcoin treasury.

The partnership is part of GMC's plan to develop a digital-asset investment hub and establish itself as a digital offshore financial center focused on innovation, sustainability, and institutional asset management.

As part of the agreement, 3iQ will bring institutional discipline to the mandate and help put Bhutan's capital to work 'responsibly, transparently, and for the long term,' according to CEO Pascal St-Jean.

The exact amount of Bitcoin under management remains undisclosed, as does the custody arrangement and whether the mandate permits lending or other yield-generation strategies.