Asset Manager 3iQ to Manage Bhutan’s Bitcoin Reserves

Bitcoin Magazine

Asset Manager 3iQ to Manage Bhutan’s Bitcoin Reserves

Canadian digital asset manager 3iQ Corp. will work to manage some of the Bitcoin reserves of Bhutan’s Gelephu Mindfulness City project.

3iQ, Canada’s biggest and oldest digital asset fund manager, will not only manage the 10,000 Bitcoins pledged to build the new region, but also invest in local talent and establish a long-term physical presence in Gelephu as the region positions itself as Bhutan’s new offshore digital financial hub, according to a statement.

Bhutan last year said it would use 10,000 Bitcoins to fund a special administrative region called the Gelephu Mindfulness City. First announced in 2023, the GMC will be “a world-class economic hub in southern Bhutan.”

“From the very inception we were aligned with GMC’s vision to create a next-generation economic hub that attracts global talent while being committed to Bhutan’s cultural values and environmental principles,” 3iQ’s director and CEO, Pascal St-Jean, said in a statement.

… Continue reading the full article at the original source below.