Johor Regent Launches Ringgit-Backed Stablecoin on Malaysian Blockchain

2025-12-10 04:38:31

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Bullish Aim, led by Johor Tunku Acting Regent Ismail Ibni Sultan Ibrahim, has launched RMJDT — a ringgit-pegged stablecoin issued on Zetrix, the underlying blockchain of Malaysia’s national blockchain infrastructure. The project is implemented within the framework of the management sandbox, to support cross-border trade payments in ringgit and attract foreign investment, in line with the National Digital Asset Policy.

At the same time, Bullish Aim will establish a Digital Asset Treasury Company with an initial allocation of 500 million ringgit in Zetrix tokens, which is expected to increase to 1 billion ringgit. The Treasury will manage gas fees for RMJDT transactions and token staking to support up to 10% of validator nodes in the Malaysian blockchain infrastructure.

RMJDT became one of the first major stablecoin projects tied to the national blockchain infrastructure, reflecting Malaysia’s efforts in developing regulated digital assets.

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