BREAKING: Malaysia Just Launched Its First Ringgit-Backed Stablecoin! 🇲🇾
A huge move for Malaysia and the Asian crypto scene 👇
Launched by Malaysian royalty
Tunku Mahkota Ismail (TMJ), the Regent of Johor and son of Malaysia’s King, has officially rolled out a brand-new stablecoin.
Meet RMJDT
A digital token pegged 1:1 to the Malaysian Ringgit, fully backed by:
– Cash deposits in MYR
– Short-term Malaysian government bonds
All under a regulated sandbox framework.
Who’s behind it?
Issued by Bullish Aim Sdn Bhd, a company owned and chaired by TMJ.
Runs on Zetrix
The same blockchain powering Malaysia’s national Blockchain Infrastructure (MBI).
Big Investment Coming
Bullish Aim will also create a Digital Asset Treasury Company with:
– RM500M initial investment in Zetrix tokens
– Targeting RM1B in total
Why this matters
RMJDT aims to:
– Boost international use of the Ringgit
– Enable smoother cross-border trade
– Attract more foreign investment into Malaysia
– Strengthen Malaysia’s position in APAC’s stablecoin market
A major milestone for Malaysia’s digital asset future and the fact it’s led by royalty adds serious credibility.
