Bitget Targets Bhutan’s $100B Zone for Licensed Crypto Expansion

Woofun AI reports that Bitget has formalized a strategic partnership with the Gelephu Mindfulness City Authority to establish a licensed operational foothold within Bhutan’s emerging digital asset sector. Gracy Chen, CEO of Bitget, confirmed the agreement aims to secure a legal presence and initiate applications for financial services licenses in the region.

The target jurisdiction is GMC, a $100 billion autonomous economic zone partially backed by Bhutan’s national Bitcoin reserves.

Structurally, the zone prioritizes high-value roles in finance, tech, and wellness. Bitget intends to leverage this framework to obtain a financial services license, thereby integrating into the zone’s regulated infrastructure.

Per Woofun AI, the momentum is reinforced by last week’s appointment of 3iQ, a Canadian digital-asset manager, to oversee an undisclosed portion of the Bitcoin treasury allocated for Gelephu’s development. This mandate underscores the zone’s commitment to institutional-grade asset management alongside its broader economic ambitions.

Bitget commits to a long-term presence, focusing on local talent development, training, and knowledge transfer. By contributing exchange experience and infrastructure knowledge, the firm aims to solidify the ecosystem’s foundations. This marks a significant step toward institutionalizing digital finance in the region.