Malaysia’s Crown Prince Ismail Ibrahim has launched the RMJDT stablecoin, pegged to the Malaysian ringgit, on the Zetrix blockchain to boost cross-border payments in the Asia-Pacific. This initiative includes a $121 million digital asset treasury in ZETRIX tokens, modeled after MicroStrategy’s strategy, amid concerns over sector bubbles.
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RMJDT stablecoin targets enhanced international use of the Malaysian ringgit in trade settlements.
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Issued under Malaysia’s regulatory sandbox by the Securities Commission and Bank Negara Malaysia for testing innovations like programmable payments.
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The $121.5 million digital asset treasury in ZETRIX tokens aims to support operational stability and align with national blockchain policies, with plans to double to $243 million.
Discover how Malaysia’s RMJDT stablecoin launch on Zetrix revolutionizes cross-border payments and digital asset holdings. Explore the $121M treasury strategy amid bubble fears—stay ahead in crypto innovation today.
What is the RMJDT Stablecoin Launched by Malaysia’s Crown Prince?
The RMJDT stablecoin is a new digital asset pegged 1:1 to the Malaysian ringgit, introduced by Bullish Aim, a telecom firm owned by Crown Prince Ismail Ibrahim of the Johor royal family. Designed for seamless cross-border payments across the Asia-Pacific, it operates on the Zetrix layer-1 blockchain, which emphasizes Web3 integration for governments, businesses, and individuals. This launch supports Malaysia’s push toward digital economy goals by facilitating efficient trade settlements and attracting foreign investment.
How Does Malaysia’s Digital Asset Treasury Strategy Work?
The digital asset treasury (DAT) established by Bullish Aim allocates an initial 500 million ringgit—equivalent to $121.5 million—in ZETRIX tokens, with ambitions to expand to $243 million. Modeled after MicroStrategy’s approach, which holds over 660,000 Bitcoin on its balance sheet since 2020, this strategy positions digital assets as core reserves for operational stability. Ismail Ibrahim emphasized that it deepens alignment with Malaysia’s national blockchain initiatives, countering volatility through disciplined management.
Experts note the timing amid a cooling DAT sector. James Butterfill, head of research at CoinShares, observed that after a 2025 summer rally, market reevaluation has led to reduced flows, dropping to $1.3 billion, as companies distinguish genuine models from speculative ones. Bullish Aim’s entry, backed by Ismail’s recent $2.7 billion land bid in Singapore, signals confidence from cash-rich entities despite these challenges. The treasury supports RMJDT issuance while promoting tokenization trends, as outlined in Malaysia’s Digital Asset National Policy.
Bullish Aim’s managing director Lion Peh, Malaysia’s Crown Prince Ismail Ibrahim and Zetrix co-founder TS Wong (from left to right). Source: Bullish Aim/Zetrix
The sandbox framework, introduced in June by the Securities Commission and Bank Negara Malaysia, provides a controlled environment to test use cases like ringgit-backed stablecoins and supply chain financing. This regulatory backing ensures compliance and innovation, positioning RMJDT as a tool to strengthen the ringgit’s global role. According to the announcement, it acts as a catalyst for foreign direct investment, aligning with broader tokenization efforts worldwide.
Frequently Asked Questions
What is the purpose of the RMJDT stablecoin in Malaysia’s economy?
The RMJDT stablecoin aims to enhance the Malaysian ringgit’s international utility for cross-border trade and payments. Pegged to the national currency, it facilitates programmable transactions on Zetrix, supporting Malaysia’s Digital Asset National Policy and driving economic growth through increased foreign investment.
How does Zetrix blockchain support stablecoin launches like RMJDT?
Zetrix is a layer-1 blockchain focused on Web3 connectivity, especially for Asia-Pacific integration with an emphasis on China. It enables secure, efficient issuance of stablecoins like RMJDT for governments and businesses, promoting cross-border applications while ensuring regulatory alignment and scalability for real-world use.
Key Takeaways
- Regulatory Innovation: RMJDT’s launch under Malaysia’s sandbox highlights a balanced approach to testing stablecoins, ensuring safety while fostering fintech growth.
- Treasury Expansion: The $121.5 million ZETRIX allocation, with plans to double, mirrors proven strategies like MicroStrategy’s to integrate digital assets into corporate finance.
- Market Caution: Despite bubble concerns in the DAT space, Bullish Aim’s move underscores selective opportunities for aligned, fundamental-driven investments.
Conclusion
Malaysia’s RMJDT stablecoin and its accompanying digital asset treasury represent a strategic leap in integrating blockchain with national economic policies. By leveraging Zetrix for ringgit-pegged payments and building substantial ZETRIX holdings, Crown Prince Ismail Ibrahim’s initiative addresses cross-border challenges while navigating DAT sector volatilities. As global tokenization accelerates, this development positions Malaysia as a key player in Asia’s digital finance landscape—investors and businesses should monitor its impact on regional trade and investment flows.
Source: https://en.coinotag.com/malaysias-crown-prince-launches-ringgit-stablecoin-on-zetrix-with-121m-zetrix-treasury-amid-bubble-concerns
