Canadian digital asset management firm 3iQ Corp. has been selected to manage a portion of Bhutan's Bitcoin reserves, specifically for the Gelephu Mindfulness City project. As Canada's largest and oldest digital asset fund manager, 3iQ will oversee the management of 10,000 Bitcoins dedicated to the development of this new region in Bhutan. In addition to managing these reserves, 3iQ plans to invest in local talent and establish a long-term physical presence in the area, contributing to the project's growth and sustainability. This initiative marks a significant step in integrating Bitcoin into Bhutan's economic and developmental strategies.

The decision to involve 3iQ highlights the increasing role of Bitcoin in global financial strategies and the trust placed in experienced asset managers to handle significant digital assets. The collaboration aims to leverage 3iQ's expertise in digital asset management to ensure the effective utilization of Bitcoin reserves in fostering regional development.

For more details, visit the original article on Bitcoin Magazine.