3iQ has been appointed to manage an undisclosed portion of the Bitcoin treasury held by Gelephu Mindfulness City, located in Bhutan, according to CoinTelegraph. This move marks a notable collaboration between a digital asset manager and a blockchain-oriented city initiative in Asia.
While details about the size of the Bitcoin holdings remain confidential, the partnership signals growing institutional interest in managing crypto assets within emerging markets such as Bhutan. Gelephu Mindfulness City aims to integrate blockchain technology into its development plans, with Bitcoin playing a central role in its treasury strategy.
For Japanese investors and market participants, this development reflects a broader trend of institutional engagement in crypto asset management across the Asia-Pacific region, which could influence future investment flows and regulatory considerations in Japan’s own digital asset markets.