On February 24, on-chain analytics platform Nansen announced the establishment of a local operational entity in the Gleaning Meditation City (GMC) in Bhutan, and the formation of a Bhutanese team to provide data analysis and localization support for the region’s expanding digital asset infrastructure. This move is seen as a significant step in Bhutan building a sovereign-level digital asset ecosystem and also reflects the growing demand for on-chain data services and institutional-grade analysis tools in emerging crypto jurisdictions.
According to Nansen CEO Alex Svanevik, the plan does not involve relocating headquarters; the company will still keep Singapore as its core base, with this being an additional entity in GMC. The choice of Bhutan is based on its “value-driven” economic zone model, which integrates crypto assets, regulatory frameworks, and financial infrastructure from the ground up, rather than adding digital asset policies retroactively.
GMC, located in southern Bhutan, is a special administrative region built around sustainable economy and future finance. Its features include incorporating crypto assets into strategic reserves, establishing dedicated regulatory rules, and promoting custody, tokenization, and institutional liquidity infrastructure. This sovereign-level institutional integration gives it a competitive edge among global crypto-friendly regions and has attracted on-chain analytics platforms and institutional service providers to plan early deployments.
Strategically, this cooperation aligns with Nansen’s transition toward an AI-driven on-chain investment platform. Since 2026, the platform has launched AI trading execution and AI agent functions across multiple public blockchains, gradually evolving from a simple wallet tagging and data analysis tool to an integrated on-chain investment system covering analysis, execution, and intelligent decision-making. Currently, Nansen tracks over 500 million labeled wallet addresses, with data network effects continuously strengthening.
Jigdrel Singay, a board member of GMC, stated that the region is prioritizing the development of foundational capabilities such as data, governance, and talent to support long-term innovation. As custody systems, institutional capital inflows, and compliance frameworks are gradually improved, Bhutan is exploring a new type of crypto economic zone centered on sovereign digital asset reserves and regulatory innovation. Industry experts generally believe that if this model operates smoothly, it could become an important example of integrating sovereign digital asset regulation with on-chain financial infrastructure in the future.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle launches native USDC and cross-chain transfer protocol CCTP on EDGE Chain
Gate News Announcement, March 11 — According to official sources, stablecoin issuer Circle (CRCL) announced that starting March 9, the native USDC and its cross-chain transfer protocol (CCTP) are officially live on EDGE Chain. This integration will bring fully regulated, USD-backed stablecoins directly into the EDGE Chain ecosystem, offering seamless cross-chain functionality and eliminating the need for wrapped or bridged assets.
GateNews42m ago
Mastercard launches a new blockchain payment initiative, with a CEX, PayPal, and Ripple joining.
Gate News Report, March 11: Mastercard launched a new initiative in the blockchain payments sector, with certain CEX, PayPal, and Ripple joining the program.
GateNews42m ago
SolanaFloor Reboot, Jito Foundation Acquisition Revives Media Vitality
Jito Foundation has acquired SolanaFloor, which was shut down due to a security incident, to relaunch its information services within the Solana ecosystem. This acquisition is seen as a commitment to information infrastructure, supporting the healthy development of the ecosystem. Jito commits to safeguarding editorial independence to ensure that SolanaFloor can continue to operate as an independent media outlet.
MarketWhisper47m ago
Ripple enters the Australian payment market: applies for a financial license to expand Asia-Pacific operations, cross-border crypto payments may present new opportunities
Ripple seeks to obtain an Australian financial services license through the acquisition of BC Payments, promoting the development of cross-border payment services in the Asia-Pacific region. If the application is successful, it will enhance its competitiveness in the local market, streamline transaction processes, and reduce reliance on intermediaries. This move could drive the adoption of blockchain payment technology within regulated financial systems, but market competition remains intense, and friction still exists between traditional financial systems and crypto services.
GateNews52m ago
Babylon partners with Ledger to introduce hardware signing support for Bitcoin safes
Babylon Labs partners with Ledger to incorporate Ledger signature support into Babylon's Trustless Bitcoin Vaults, enhancing transparency and security in Bitcoin transactions. This move allows Bitcoin to be used more securely as a digital financial collateral asset under self-custody. Both parties also plan to expand integration to support asset management and security support.
GateNews1h ago
Solana ecosystem news service SolanaFloor has been acquired by Jito and will resume operations.
Gate News Announcement: On March 11, Solana ecosystem news and information service SolanaFloor announced it has been acquired by Jito, with the specific acquisition amount not disclosed yet. SolanaFloor will resume operations under the support of the Jito Foundation, while maintaining full editorial independence. Updates on the editorial structure, commercial products, and team will be announced later. Previously, SolanaFloor ceased operations after its parent company experienced a recent fund theft incident. Despite exploring ways to continue operations, the effort was unsuccessful.
GateNews1h ago
