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Bhutan's Gelephu taps 3iQ to manage Bitcoin treasury

Created at 31 Jul · 12:46 AM1 source↑ Market-relevant
IN SHORT

Bhutan's Gelephu Mindfulness City has appointed Canadian digital-asset manager 3iQ to oversee a portion of its Bitcoin treasury. This move is part of a broader plan to establish a digital-asset investment hub in the region.

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Key Numbers

10,000 BitcoinBitcoin allocated to support Gelephu

Who's Involved

Gelephu Mindfulness City
Bhutanese special administrative region developing a digital-asset investment hub
3iQ
Canadian digital-asset manager appointed to manage part of Bitcoin treasury
Pascal St-Jean
CEO of 3iQ
Jigdrel Singay
Gelephu board director

↳ Why This Matters

Bhutan is leveraging its Bitcoin holdings to establish a digital-asset investment hub, signaling a unique approach to national development and financial innovation by integrating cryptocurrency into its economic strategy.

Key facts

  • Gelephu Mindfulness City (GMC) has appointed 3iQ to manage a mandate backed by part of its Bitcoin treasury.
  • 3iQ will manage an undisclosed portion of Bitcoin allocated to support Gelephu's development.
  • 3iQ will also establish a long-term presence in Gelephu, invest in local talent, and provide training.
  • In December 2025, Bhutan announced that up to 10,000 Bitcoin from national holdings would support GMC.
  • Gelephu aims to become a digital offshore financial center focused on innovation, sustainability, and institutional asset management.

Bhutan's Gelephu Mindfulness City (GMC) has selected Canadian digital-asset manager 3iQ to oversee a portion of its Bitcoin treasury. This partnership is a key step in GMC's initiative to develop a digital-asset investment hub.

Under the agreement, 3iQ will manage an unspecified amount of Bitcoin designated to support the development of Gelephu. The firm is also committed to establishing a lasting presence in the city, fostering local talent through investment and training programs.

This development follows Bhutan's announcement in December 2025, where it was revealed that up to 10,000 Bitcoin from the nation's reserves would be allocated to support the GMC project. The current agreement marks a progression in this strategic plan.

Details regarding the exact amount of Bitcoin under management, custody arrangements, and the potential for yield-generating strategies remain undisclosed. 3iQ CEO Pascal St-Jean emphasized the firm's commitment to applying institutional discipline, managing Bhutan's capital responsibly, transparently, and with a long-term perspective.

Jigdrel Singay, a director on the Gelephu board, identified 3iQ as a foundational institutional partner. Both organizations anticipate announcing further milestones as Gelephu works towards establishing itself as a digital offshore financial center emphasizing innovation, sustainability, and institutional asset management.

Frequently asked questions

Gelephu Mindfulness City is a special administrative region in Bhutan that is developing into a digital-asset investment hub.

3iQ, a Canadian digital-asset manager, will manage an undisclosed portion of Gelephu's Bitcoin treasury and establish a local presence.

While Bhutan announced up to 10,000 Bitcoin would support GMC, the specific amount placed under management by 3iQ has not been disclosed.

What Happens Next

01Further milestones will be announced as Gelephu works to establish itself as a digital offshore financial center.

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Cadence

How It Developed

Gelephu Mindfulness City appointed 3iQ to manage part of its Bitcoin treasury.
iQ will establish a long-term presence in Gelephu, invest in local talent, and provide training.
Bhutan announced in December 2025 that up to 10,000 Bitcoin would support Gelephu.
The agreement signifies the next phase of Bhutan's digital asset development plan.

Sources

T1
Bhutan’s Gelephu taps 3iQ to manage part of Bitcoin treasury 3iQ will manage an undisclosed portion of Gelephu Mindfulness City’s Bitcoin treasury as Bhutan develops a digital-asset investment hub.Cointelegraph

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