Bhutan’s Gelephu Taps Canada’s 3iQ to Manage Part of Bitcoin Treasury
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Bhutan’s special administrative region of Gelephu Mindfulness City has appointed Canadian digital-asset manager 3iQ to oversee part of its Bitcoin treasury.
Cointelegraph reported on July 31 that Gelephu entered into a partnership with 3iQ and gave the firm a mandate to manage some of the Bitcoin supporting the city’s development. The size of the mandate, the custody structure and whether yield-generating strategies such as lending or derivatives will be permitted were not disclosed.
Bhutan announced in December 2025 that it would allocate as many as 10,000 Bitcoin from its national holdings to fund Gelephu’s development. The agreement marks the next step in that plan.
3iQ Chief Executive Officer Pascal St-Jean said the firm would manage the assets responsibly and transparently with a long-term perspective. It will apply institutional-grade investment principles, he added.
Jigdrel Singye, a director on Gelephu’s board, described 3iQ as one of the city’s founding institutional partners. The two sides said they plan to announce further progress as Gelephu works to position itself as a digital offshore financial hub focused on innovation, sustainability and institutional asset management.
