Bolivian Blockchain Association Proposes Tokenising Gold and Precious Metals on Ethereum
Bolivia’s Blockchain Association plans to submit a proposal to the president to tokenise gold and other precious metals on the Ethereum network. The proposal aims to create end-to-end traceability from mine extraction to national reserves to curb corruption. The association’s model draws on Bhutan’s recent example, where Bhutan issued a gold-backed token on Solana in December 2025. Key elements include using Ethereum as the ledger, tokenising sovereign or mined gold to improve transparency, and implementing tracking across the supply chain. No legislative timeline, technical architecture details, or government response were provided in the report. Primary keywords: tokenisation, Ethereum, gold token, precious metals, supply-chain traceability. Secondary/semantic keywords: on-chain provenance, anti-corruption, sovereign reserves, Solana example.
Neutral
The proposal is policy-oriented and aims to improve transparency rather than directly alter market liquidity or token issuance imminently. If adopted and implemented, tokenising gold on Ethereum could gradually increase institutional interest in blockchain-based asset tokenisation and boost demand for Ethereum as an execution layer — a modest bullish factor over the medium to long term. Short term market impact is likely neutral because the report is a proposal without government approval, timelines, or technical specifics. Comparable precedents: Bhutan’s gold token on Solana garnered attention but had limited immediate effect on SOL price or global gold markets; its primary impact was signalling sovereign interest in tokenisation. Risks that could dampen positive effects include regulatory delays, technical hurdles (custody, auditability, KYC/AML), and market scepticism about on-chain representation of physical assets. Traders should watch for formal government endorsement, regulatory framework, details on custody and auditing, and any issuance or partnership announcements; these events would increase the probability of a bullish market reaction, especially for ETH and asset-tokenisation platforms.