Bhutan Stakes 320 ETH via Figment as It Migrates National Identity System from Polygon to Ethereum

On December 18, Onchain Lens monitoring confirms a sovereign stake: Bhutan’s government has committed 320 ETH through Figment, signaling institutional engagement in ETH staking. This action aligns with Bhutan’s plan to migrate its national identity system from Polygon to Ethereum, a transition intended to enable on-chain identity verification and streamlined public-service access.

As government-backed entities increase participation in ETH staking and digital-identity deployments, Bhutan’s case may inform policy discussions around crypto regulation and public-sector modernization. While governance details remain undisclosed, the development underscores a pragmatic approach to integrating blockchain infrastructure with nationwide identity architecture, potentially shaping the crypto adoption trajectory in the region.