Bolivia plans to tokenize gold on Ethereum, aligning with the Bhutan reserve model

【Chain Wen】The idea from Bolivia is quite interesting. Members of the country’s blockchain association recently plan to propose to the president to tokenize gold and other precious metals on Ethereum. It sounds wild, but the logic is very clear: from mining to the national vault, the entire chain can be traced, leaving no room for corruption.

They also have a reference point—the Kingdom of Bhutan. In December last year, Bhutan launched a gold token on the Solana network, backed by its own sovereign reserves. Bolivia obviously thinks this approach is feasible and wants to replicate it on Ethereum following the same idea.

The underlying concept behind this is actually quite realistic. Using blockchain to solve transparency issues in traditional reserve management, ensuring every gram of gold can be traced, indeed leaves little room for covert operations. If this project can be pushed forward, it could become a case for other countries to learn from.