Bhutan moved 320 Ethereum to Figment for staking. This highlights its growing blockchain adoption and digital strategy.
The Royal Government of Bhutan today moved 320 Ethereum. This is worth around $970,000. It was moved to Figment. Figment is an institutional staking provider. It specializes in safe blockchain participation. This move is another step for Bhutan to expand into blockchain technology. It has this for national systems.
The Himalayan kingdom has recently migrated its country’s digital identity project to Ethereum. This helps in strengthening the self-sovereign identity of citizens. This is using the decentralized blockchain platform. The move was confirmed by the data on the blockchain. This data was tracked by Onchain Lens. It was reported on November 27, 2025.
Bhutan’s crypto involvement has a more widespread digital strategy context. This action is part of the broader strategy of digital finance in Bhutan. The nation has not been alien to digital assets before. These include Bitcoin, Ethereum, and BNB. These are for the strategic reserves of its Gelephu Mindfulness City (GMC).
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Bhutan’s National Digital Identity (NDI) system is also important. In October 2025, the NDI system of Bhutan began to migrate to the Ethereum blockchain. The complete migration of the identity platform is for almost 800,000 inhabitants. This migration is expected by early 2026.
Bhutan is also known for holding Bitcoin. It has reportedly amassed these by mining. This mine uses hydropower. The country’s total estimated amount of BTC is 6,371. This demonstrates an all-round approach to digital assets.
This strategic move of Bhutan into Ethereum staking represents a larger trend. Nations are also starting to look at blockchain for a variety of public services. Ethereum’s powerful infrastructure makes it a good candidate for such initiatives. This is because of its security and decentralization.
The partnership with institutional staking provider Figment is noteworthy. It is a sign of Bhutan’s commitment to ensuring professional participation in blockchain. Institutional grade staking solutions are important for national-level adoption. This takes care of reliability and compliance.
Bhutan’s embrace of blockchain does not end with digital identity. Its accumulation of Bitcoin via hydropower-powered mining is an innovative economic model. This takes advantage of what nature has in order to make digital assets. It also shows an ahead-of-time way to national wealth.
The Gelephu Mindfulness City (GMC) project further brings out the vision of Bhutan. Acknowledging digital assets for its strategic reserves within GMC is a sign of a long-term commitment. This incorporates blockchain into its economic and urban development. The GMC is on track to be a center of digital innovation.
The migration of the NDI system to Ethereum is a historic accomplishment. It is through this that providing self-sovereign identity on a blockchain is a way to empower the citizen. It increases privacy and control over personal data. This is also setting a precedent for other nations that are considering undertaking similar digital transformations.
Bhutan’s proactive approach in adopting blockchain technology makes it a leader in the field. It is a small nation that is using advanced technology for the national good. This approach could be an inspiration to other developing countries. They might also want to integrate blockchain into their governance and economy.
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