Bhutan’s Gelephu Mindfulness City has appointed Canadian digital asset manager 3iQ to run a mandate backed by a portion of its Bitcoin reserves, as the city moves ahead with plans to build a digital asset investment hub. Under the arrangement, 3iQ will oversee part of the Bitcoin allocated to support Gelephu’s development, though the size of the mandate has not been disclosed.
Several details remain undisclosed. The two sides did not say how much capital 3iQ will manage, what custody structure will be used, or whether the mandate permits lending, derivatives, or other yield-generating strategies. Beyond portfolio management, 3iQ said it will establish a long-term presence locally, invest in local talent, and provide training and knowledge transfer.
Bhutan said in December 2025 that it would allocate up to 10,000 BTC from national holdings to support GMC. 3iQ CEO Pascal St-Jean said the firm would bring institutional discipline to the mandate and deploy Bhutanese capital in a responsible, transparent, and long-term manner. Gelephu board director Jigdrel Singay said 3iQ is one of the city’s founding institutional partners.
Bhutan’s Gelephu Mindfulness City (GMC) has appointed Canadian digital asset manager 3iQ to manage a mandate backed by part of its Bitcoin reserves. GMC is building a digital asset investment hub.
Under the arrangement, 3iQ will manage a portion of the Bitcoin allocated to support Gelephu’s development. The size of that allocation was not disclosed.
Key terms were not disclosed
The two sides did not disclose the actual amount to be managed, the custody setup, or whether the mandate allows lending, derivatives, or other yield-generating strategies.
3iQ also said it will build a long-term local business, invest in local talent, and provide training and knowledge transfer.
Bhutan had earmarked up to 10,000 BTC
In December 2025, Bhutan said it would allocate as many as 10,000 BTC from its national holdings to support GMC.
3iQ CEO Pascal St-Jean said the firm would bring institutional discipline to the mandate and use Bhutanese capital in a responsible, transparent, and long-term way.
Jigdrel Singay, a director on the Gelephu board, said 3iQ is one of the city’s founding institutional partners.
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