Key Takeaways
- • 3iQ Corp. has secured a dedicated mandate to manage a portion of Gelephu Mindfulness City's (GMC) bitcoin treasury, according to a PR Newswire release announcing the strategic partnership.
- • The mandate draws on reserves from Bhutan's national holding, with up to 10,000 Bitcoin previously allocated in December 2025 to support the city's development.
- • Beyond asset management, 3iQ commits to investing in local talent, knowledge transfer, and a long-term physical presence in the city.
- • GMC positions the partnership as the first of several milestones in building Gelephu into a digital offshore financial center, with more announcements planned over the coming months.
Summary
3iQ Corp., a Canadian-headquartered digital asset manager, and Gelephu Mindfulness City, a Special Administrative Region in southern Bhutan, announced a strategic partnership to advance GMC's digital asset fund ecosystem, according to a PR Newswire release. Under the arrangement, 3iQ will manage a dedicated mandate backed by a portion of GMC's bitcoin treasury.
The release states that the mandate draws on Bhutan's national holding. In December 2025, it was announced that up to 10,000 Bitcoin would be allocated from that holding to support the city's development, and this partnership represents the next step in deploying a portion of those reserves. GMC said it selected 3iQ for its reputation for institutional robustness and its track record in digital asset management.
Beyond the mandate, 3iQ has committed to investing in local talent and knowledge transfer and to establishing a long-term presence in the city. The companies describe the goal as building GMC into Bhutan's new digital offshore financial hub, with an emphasis on institutional-grade management that is innovative and sustainable.
Pascal St-Jean, Director & CEO of 3iQ, said the firm takes the responsibility seriously and intends to put Bhutan's capital to work "responsibly, transparently and for the long term." Jigdrel Singay, Board Director of Gelephu Mindfulness City, called 3iQ one of the city's founding institutional partners and said GMC expects the partnership to attract other leading asset managers, investment firms and talent.
The announcement is the first of several milestones the two organizations plan to share over the coming months. 3iQ is a subsidiary of Coincheck Group N.V. (NASDAQ: CNCK), and the release describes the firm as having launched early Bitcoin and Ethereum ETPs and a hedge fund investment platform, QMAP.
The release states that the mandate draws on Bhutan's national holding. In December 2025, it was announced that up to 10,000 Bitcoin would be allocated from that holding to support the city's development, and this partnership represents the next step in deploying a portion of those reserves. GMC said it selected 3iQ for its reputation for institutional robustness and its track record in digital asset management.
Beyond the mandate, 3iQ has committed to investing in local talent and knowledge transfer and to establishing a long-term presence in the city. The companies describe the goal as building GMC into Bhutan's new digital offshore financial hub, with an emphasis on institutional-grade management that is innovative and sustainable.
Pascal St-Jean, Director & CEO of 3iQ, said the firm takes the responsibility seriously and intends to put Bhutan's capital to work "responsibly, transparently and for the long term." Jigdrel Singay, Board Director of Gelephu Mindfulness City, called 3iQ one of the city's founding institutional partners and said GMC expects the partnership to attract other leading asset managers, investment firms and talent.
The announcement is the first of several milestones the two organizations plan to share over the coming months. 3iQ is a subsidiary of Coincheck Group N.V. (NASDAQ: CNCK), and the release describes the firm as having launched early Bitcoin and Ethereum ETPs and a hedge fund investment platform, QMAP.
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