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When Crypto Becomes a Sovereign Risk: High-Stakes Bet Meets Reality in Bhutan

6th February, 2026

In the early hours of 1 February 2026, Ethereum briefly fell to around US$2,243 in a sharp market dislocation that triggered widespread liquidations across leveraged crypto positions.

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Bhutan's SWF Seeks Investment from Peers in Massive South Asian Hydroelectric Potential

5th August, 2024

The tiny Himalayan mountain kingdom of Bhutan is seeking to exploit some of its 33GW of hydroelectric potential to supply energy-hungry India by mobilizing its US$3.3 billion sovereign wealth fund, Druk Holding and Investments, to forge partnerships – and its peers are likely to be the most eager investors.

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Fund of the Month (Mar'24): Druk Holding & Investment (DHI)

1st March, 2024

With a population of less than a million people, Bhutan is known for its mountains, monasteries, and the thunder dragon (“druk”) featured in its flag. Its Sovereign Wealth Fund, Druk Holding & Investment (DHI), manages some of the country’s national champions and also invests in international securities and digital assets. We had the pleasure of speaking with its CEO, Mr. Ujjwal Deep Dahal, about the fund’s strategy and future objectives.

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