The Crown Prince of Johor entered, and Malaysia's national strategic blockchain ushered in the "digital ringgit" anchor

Recently, Johor Regent Tunku Ismail announced that his company Bullish Aim and local blockchain flagship Zetrix AI Bhd have jointly launched RMJDT, a stablecoin pegged 1:1 to ringgit. This is not an ordinary technology launch, but the “strategic blood” that Malaysia has injected into its national blockchain infrastructure, marking that the country’s digital asset ambition is moving from a high-level policy blueprint to a new era of actual combat with national sovereign credit as the cornerstone and reshaping cross-border trade settlement rules.

A key leap from technical infrastructure to financial infrastructure

The birth of RMJDT first answers one of the most fundamental questions in Malaysia’s blockchain strategy: what value circulates on the chain? Prior to this, Malaysia’s blockchain infrastructure composed of Zetrix blockchain was more of a technical layout. The launch of RMJDT means that for the first time, an “official train” fueled by national fiat currency credit has been opened on this “national highway”. Its clear objective – to promote the international application of the ringgit in cross-border trade settlement – points directly to the macro national policy of enhancing the international status of the national currency and attracting foreign direct investment, anchoring blockchain from an innovative experiment to the national interest of serving the real economy.

The dual guarantee of “national interests” and “market confidence”

The most unique attraction of this event is that it is not a pure commercial institution, but a Bullish Aim company with a royal background. In the context of the Southeast Asian market, this identity sends a compound signal that transcends business. First, this represents the deep integration of national will and top capital in strategic emerging areas, ensuring that the project is highly synchronized with the “Malaysia Digital Asset National Policy”. Second, the endorsement of royal credibility provides a unique “credit enhancement” for stablecoins, a financial product that relies heavily on trust, which can greatly alleviate potential users’ concerns about compliance and long-term stability.

Build an “flywheel effect” of endogenous stability and safety

To ensure the long-term stability of the RMJDT ecosystem, the project team has designed a set of sophisticated “two-wheel drive” mechanisms. The first round is the establishment of a digital asset vault company with an initial size of RM500 million. The vault is collateralized by Zetrix tokens held and is specifically used to stabilize network gas fees, which solves the user experience pain points that plague public chains and clears the barrier to cost fluctuations for large-scale commercial applications. The second round is to use the treasury assets to stake support MBI network validator nodes. This move not only enhances network security, but more importantly, deeply binds the prosperity of RMJDT to the robustness of the entire country’s blockchain infrastructure, forming a positive cycle where the wider the application of stablecoins, the more secure the network, and the higher the ecological value.

Compliance and support

RMJDT has chosen the most prudent and secure path. It will be launched within the framework of the regulatory sandbox approved by the Securities Commission of Malaysia, which ensures that innovation is carried out within a controlled range. Its value backing also eschews the vague practice of the early days of the crypto space, explicitly reserving ringgit cash deposits and Malaysian short-term government bonds and subject to relevant audits. Although this “full armor” compliance design sacrifices a certain ideal of “decentralization”, it has been exchanged for a pass to connect with the traditional financial system, as well as the certainty and security that enterprise users value most.

Market response and future challenges

After the announcement, the capital market responded positively, and Zetrix’s stock price rose in response. This micro-reaction seems logical under the Malaysian government’s continuous release of policies to support blockchain development since April 2025. From Prime Minister Anwar’s clear statement to the Bank Negara Negara’s tokenization discussion paper, the policy path is clear. The real challenge for RMJDT lies in whether it can truly move from “compliance demonstration” to “mainstream application” and prove its substantial advantages over traditional SWIFT systems in terms of speed, cost, and transparency in complex international trade scenarios.

How sovereign forces are shaping the future of Web3

The case of RMJDT provides a new paradigm for observing the evolution of global digital assets. It shows that in the next stage of competition, the joint promotion of sovereign forces (national policy, royal capital, central bank exploration) and local core technology companies may be more powerful than simple Silicon Valley-style technological disruption. This is no longer a story of “subverting banks”, but a story of “how countries use blockchain technology to upgrade their financial infrastructure and currency influence”. This step of the Crown Prince of Johor is not only a commercial investment, but also a cutting-edge layout for the country’s financial discourse in the digital age.

When the narrative of stablecoins has been upgraded from a simple trading tool to a key infrastructure for payment finance around the world, Malaysia has given its own answer through RMJDT: a characteristic path that integrates national credit, royal capital, regulatory sandbox and strategic technology platforms. Its success or failure will test a core proposition: in the real world where technological globalization and sovereign boundaries coexist, can a digital legal currency deeply empowered by national power and fully compliant successfully build its own efficiency embankment in the turbulent river of cross-border trade. The answer will be written in every future international trade order settled through RMJDT.