Bhutan’s Gelephu taps 3iQ to manage part of Bitcoin treasury
Summary
Bhutan’s Gelephu Mindfulness City has hired Canadian digital-asset manager 3iQ to oversee part of a Bitcoin-backed mandate tied to the city’s development as a digital-asset investment hub. 3iQ will manage an undisclosed portion of BTC from Bhutan’s treasury, establish a long-term local presence, and support training and knowledge transfer. Bhutan previously said up to 10,000 Bitcoin from national holdings would be allocated to support GMC. Key terms remain undisclosed, including the size of the mandate, custody structure, and whether leverage, lending, or derivatives are allowed. Both sides frame the deal as part of Gelephu’s push to become a digital offshore financial center focused on institutional asset management and innovation.
