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- Bhutan is building a state-backed digital asset jurisdiction from the ground up.
- Nansen’s expansion reflects confidence in sovereign crypto infrastructure models.
- AI-driven analytics and trading tools are shaping the next phase of blockchain finance.
On-chain analytics firm Nansen is setting up an operational foothold in Gelephu Mindfulness City, marking a notable step in Bhutan’s effort to build a state-backed digital asset ecosystem from the ground up. The move reflects a broader trend of nations exploring sovereign crypto strategies rather than simply accommodating private-sector innovation.
A Strategic Expansion, Not a Headquarters Shift
The company plans to establish a local entity in GMC and recruit a Bhutan-based team to support the region’s expanding digital asset infrastructure. According to CEO Alex Svanevik, the expansion complements — rather than replaces — Nansen’s existing base in Singapore.
The decision signals confidence in Bhutan’s long-term digital asset strategy. Unlike many crypto hubs focused on attracting startups with tax incentives or relaxed rules, GMC is being designed with digital finance embedded into its economic blueprint from the outset.
Why Bhutan’s Approach Stands Out
GMC has drawn attention for integrating crypto at the sovereign level. The region reportedly holds digital assets in strategic reserves and is building a regulatory structure tailored specifically to blockchain innovation.
For Nansen, this commitment offers something rare: policy alignment, infrastructure development, and political support happening simultaneously. Officials involved in the project emphasize that the focus is on creating foundational systems rather than chasing short-term hype.
Board director Jigdrel Singay described the strategy as layered and deliberate, prioritizing governance, talent, and data capabilities alongside technological deployment.
From Analytics Platform to AI-Driven Crypto Infrastructure
The expansion also reflects Nansen’s evolving business model. Once known primarily for wallet tracking and blockchain analytics, the firm is now positioning itself as a broader on-chain investment platform.
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Recent product launches include AI-assisted trading tools and expanded support for networks such as Solana. With more than 500 million labeled wallet addresses tracked, Nansen aims to combine analytics, execution, and AI automation into a unified infrastructure layer for digital finance.
Bhutan’s emerging ecosystem could provide a testing ground for that strategy as institutional liquidity, tokenization frameworks, and custody systems develop.
Nansen’s entry into Gelephu Mindfulness City highlights a growing shift in the crypto industry: the rise of sovereign-backed digital asset zones. Rather than reacting to market trends, Bhutan is attempting to design a future-ready financial environment from the start. If successful, the model could influence how other nations approach blockchain integration in the years ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
