3iQ to Manage Bhutan GMC’s Bitcoin Treasury Under New Strategic Partnership

TL;DR:

• Custody agreement: Firm 3iQ was selected to manage a portion of Gelephu Mindfulness City’s Bitcoin funds in Bhutan.
• National reserves: The Kingdom of Bhutan records an approximate balance of 5,600 BTC in its state treasury as of July 2026.
• Local infrastructure: The asset manager will establish a permanent headquarters in the region and launch technical training programs for local staff.

Digital asset manager 3iQ has taken over the management of a portion of Bhutan’s Bitcoin funds allocated to the Gelephu Mindfulness City (GMC) special economic zone. The goal is to establish an international financial hub backed by crypto assets in the Asian nation.

Partnership structure and tech transfer

Canadian firm 3iQ, under majority ownership of Japanese group Coincheck following a transaction valued at $112 million, became the first investment firm officially appointed to oversee these digital resources.

Market reports indicate that the entity will establish an office in Gelephu to transfer technical expertise to local talent. 3iQ Chief Executive Officer Pascal St-Jean stated that the capital management will be executed under criteria of transparency and long-term sustainability.

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