Bhutan’s Gelephu Mindfulness City has appointed 3iQ to manage a portion of its Bitcoin treasury.
The mandate will be backed by part of GMC’s Bitcoin holdings and forms part of its plans to build an institutional digital asset fund ecosystem in southern Bhutan.
In December 2025, plans were announced to allocate up to 10,000 Bitcoin from Bhutan’s national holdings to support the development of the special administrative region.
Under the partnership, the Canadian digital asset manager will establish a long-term presence in GMC and support knowledge transfer and the development of local expertise.
GMC Board Director Jigdrel Singay said,
“Beyond their institutional expertise and global track record in digital asset management, what stood out to us was their genuine commitment to investing in people, transferring knowledge and building local capabilities.
We see this as the start of a broader ecosystem that will attract leading asset managers, investment firms and talent from around the world.”
GMC plans to establish Gelephu as a digital offshore financial centre while attracting international investment firms and asset managers.
3iQ Director and CEO Pascal St-Jean said,
“GMC’s ambition for Gelephu is bold and forward-thinking, and we’re proud to bring our institutional discipline and global track record to help realize it, putting Bhutan’s capital to work responsibly, transparently and for the long term.
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.”
The two organisations plan to announce further milestones in the coming months as they develop GMC’s digital asset fund ecosystem.
Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Magnific
