Morning Edition · Wednesday, August 5, 2026Published at 1:31 AM EDT · New York
Bhutan Hires a Canadian Manager to Earn Yield on Part of Its City Project's Bitcoin
The mandate moves a sovereign reserve from passive holding into market-neutral trading, while Kenya prepares to register more than 30 million academic credentials on a public chain.
Gelephu Mindfulness City, the special administrative region Bhutan is building near its southern border, has appointed the Toronto digital-asset manager 3iQ to run part of its bitcoin treasury. Bitcoin Magazine reports the mandate covers a…
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Part of a tracked trend
States Professionalize Their Crypto Holdings
Governments and quasi-sovereign entities keep moving from simply holding digital assets to managing them through external mandates and deploying public chains as administrative infrastructure, importing institutional counterparty risk in exchange for yield and utility.
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