Crypto: Nansen To Set Up Bhutan Entity In Gelephu Mindfulness City 2026
The blockchain analytics company will incorporate locally and hire in the kingdom's Special Administrative Region as the region advances its digital asset strategy.
Blockchain analytics company Nansen will establish a local entity and build a Bhutan-based team in Gelephu Mindfulness City (GMC), expanding into the kingdom as its Special Administrative Region advances its digital asset strategy.
According to a joint announcement shared with Cointelegraph, Nansen plans to incorporate within GMC and develop on-the-ground analytics capabilities to provide blockchain data and market intelligence to industry participants operating in the region.
GMC is a purpose-built Special Administrative Region in southern Bhutan focused on long-term economic development. The region has previously announced digital asset initiatives spanning custody infrastructure, tokenization, institutional liquidity and regulatory frameworks.
The move does not replace Nansen’s existing operations in Singapore, CEO Alex Svanevik told Cointelegraph, but adds an additional entity within GMC, saying that the company “chose GMC because of the vision behind it.”
Svanevik added that Bhutan stood out because digital assets are being integrated into the region’s economic framework from the outset. He said:
Nansen plans to hire locally as part of the expansion. While the company did not disclose specific staffing targets, Svanevik said the intention is to build a “meaningful local team,” with details on roles and office setup expected in the coming months.
Nansen describes itself as an AI-native onchain analytics platform tracking more than 500 million labeled blockchain addresses and providing real-time data tools across major blockchain networks.
Related: Bhutan migrates its national ID system to Ethereum
Announced in 2023, Gelephu Mindfulness City is a special administrative region designed as a new economic hub to create high-value local jobs and attract businesses across sectors including finance, green energy, technology, healthcare and agriculture, while offering regulatory flexibility for crypto and fintech companies.
Source: CoinTelegraph
