NewsCrypto3iQ Partners with Bhutan's Gelephu Mindfulness City to Manage Bitcoin Reserves and Build Digital Asset Ecosystem

3iQ Partners with Bhutan's Gelephu Mindfulness City to Manage Bitcoin Reserves and Build Digital Asset Ecosystem

Author: ChainWire·

Key Takeaways

  • 3iQ Corp. has been appointed to manage a portion of Gelephu Mindfulness City's Bitcoin treasury under a strategic partnership announced on July 30, 2026.
  • Bhutan committed in December 2025 to allocate up to 10,000 Bitcoin from national holdings to support the development of Gelephu Mindfulness City.
  • The national Bitcoin holdings originate from Druk Holding and Investments, which has operated government mining facilities powered by Bhutan's hydroelectric resources since at least 2022.
  • The partnership includes commitments from 3iQ to invest in local talent, facilitate knowledge transfer, and establish a long-term presence in Gelephu.
  • This mandate represents one of the more visible examples of a sovereign-aligned entity engaging an external institutional asset manager for digital asset treasury deployment.
3iQ Partners with Bhutan's Gelephu Mindfulness City to Manage Bitcoin Reserves and Build Digital Asset Ecosystem

3iQ Corp., a global digital asset investment firm, has secured a dedicated mandate to manage a portion of Gelephu Mindfulness City's (GMC) Bitcoin reserves as part of a newly announced strategic partnership between the two organizations.

TORONTO and GELEPHU, Bhutan, July 30, 2026 — 3iQ Corp. ("3iQ"), a pioneer in digital asset investment solutions, and Gelephu Mindfulness City, a Special Administrative Region (SAR) in southern Bhutan established by royal decree to attract foreign investment and build a modern financial center, announced the partnership on July 30, 2026, aimed at advancing GMC's development of a leading digital asset fund ecosystem.

Under the agreement, 3iQ will manage a mandate backed by a portion of GMC's bitcoin treasury. The partnership also includes commitments to invest in local talent, facilitate knowledge transfer, and establish a long-term 3iQ presence in the city — all intended to support GMC's broader objective of becoming Bhutan's new digital offshore financial hub.

The partnership builds on a prior national-level commitment. In December 2025, it was announced that up to 10,000 Bitcoin would be allocated from Bhutan's national holdings to support the city's development. Those holdings trace back to the Kingdom's state-owned investment arm, Druk Holding and Investments (DHI), which has operated government Bitcoin mining facilities powered by Bhutan's abundant hydroelectric resources since at least 2022. The 3iQ mandate represents the next phase of that plan through the strategic deployment of a portion of those reserves, marking one of the more visible instances of a sovereign-aligned entity engaging an external institutional asset manager for digital asset treasury deployment.

GMC said its selection of 3iQ was based on the firm's institutional track record and reputation for robustness in digital asset management.

"To be entrusted by GMC in this capacity is a significant responsibility, and one we take seriously," said Pascal St-Jean, Director & CEO of 3iQ. "GMC's ambition for Gelephu is bold and forward-thinking, and we're proud to bring our institutional discipline and global track record to help realize it, putting Bhutan's capital to work responsibly, transparently and for the long term. From the very inception we were aligned with GMC's vision to create a next-generation economic hub that attracts global talent while being committed to Bhutan's cultural values and environmental principles."

"This partnership marks an important first step in building GMC's next-generation institutional digital asset management hub," said Jigdrel Singay, Board Director of Gelephu Mindfulness City. "We are delighted to welcome 3iQ as one of our founding institutional partners, helping to lay the foundations for a world-class fund ecosystem in GMC. Beyond their institutional expertise and global track record in digital asset management, what stood out to us was their genuine commitment to investing in people, transferring knowledge and building local capabilities. We see this as the start of a broader ecosystem that will attract leading asset managers, investment firms and talent from around the world."

The announcement is described as the first of several milestones that GMC and 3iQ plan to share in the coming months as the two organizations work toward establishing Gelephu as a leading digital offshore financial center. The partnership comes amid growing interest among sovereign and quasi-sovereign entities in professionally managed Bitcoin treasury strategies, a trend that has accelerated since the approval of spot Bitcoin exchange-traded products in major jurisdictions.

About Gelephu Mindfulness City

The Gelephu Mindfulness City Special Administrative Region (SAR) is an initiative to create a world-class economic hub in southern Bhutan centered on mindfulness, sustainability, and innovation. The SAR integrates traditional Bhutanese values with globally recognized legal frameworks, cutting-edge design and technology, while leveraging the Kingdom's renewable energy resources. More information is available at www.gmc.bt.

About 3iQ Digital Asset Management

Founded in 2012, 3iQ is a digital asset management firm specializing in institutional-grade investments. The firm launched the world's first Digital Assets Managed Account Platform (QMAP), a hedge fund investment solution offering risk-managed exposure to digital assets. 3iQ was also the first to list a Bitcoin and Ethereum ETP on a major global stock exchange, the first to integrate staking into its Ethereum and Solana ETPs, and has offered other regulated ETPs. 3iQ is a subsidiary of Coincheck Group N.V. (NASDAQ: CNCK), a NASDAQ-listed holding company based in the Netherlands. More information is available at The firm's social channels include LinkedIn at and X at https://x.com/3iq_corp.