Mindfulness City in Bhutan pushes for tokenisation as new land ownership model


GELEPHU: The Gelephu Mindfulness City (GMC) will introduce land tokenisation as a new ownership model to allow affected landowners to benefit from future increases in property value as the city expands.

Land tokenisation, a concept still in its infancy globally, involves converting ownership rights into digital tokens, typically on a blockchain platform. These tokens, much like other digital assets, can be bought, sold, or traded.

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