Thimphu, Bhutan, November 11, 2024 — The Gelephu Investment and Development Corporation (GIDC), established by Royal Charter as Gelephu’s sovereign development body, has partnered with ORO Bank – Asia’s first Full Reserve Digital bank, to introduce a nation building campaign for the international airport at Gelephu Mindfulness City (GMC).
A new cloud-first financial institution, ORO Bank, has launched to serve Individuals and businesses in Bhutan, and around the world, with a specific focus on safe, innovative and sustainable banking
ORO Bank, touted as Asia’s first full-reserve digital bank, leveraged global financial software provider Finastra’s SaaS core banking solution to launch its cloud-based platform within six months. The Bhutanese bank had launched last week.
ORO Bank aligns with Bhutan’s national values and is targeting global tech start-ups, CEO says. ORO Bank launched its minimum viable product (MVP) on May 24 as the official bank of Bhutan’s Gelephu Mindfulness City.
Bhutan is currently witnessing a surge of investment activity to support the development of the Mindfulness City – a new, tech-forward, and environmentally conscious special administrative region constructed in the southern part of the country.
In a major development for the Gelephu Mindfulness City (GMC) project Asia’s first Full Reserve Digital Bank called ORO Bank has been launched to serve the GMC project.
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