Malaysia’s crown prince, Ismail Ibrahim—son of Sultan Ibrahim Iskandar—has announced the launch of RMJDT, a ringgit-pegged stablecoin designed for cross-border payments throughout Asia.
The token is being issued by Bullish Aim, the prince’s telecom company, and will run on the Zetrix Layer-1 blockchain, which focuses on government-grade interoperability and China-aligned digital trade infrastructure.
RMJDT is being introduced within Malaysia’s regulated sandbox framework supported by the Securities Commission and Bank Negara Malaysia. The sandbox, launched in June, evaluates innovations such as programmable payments, ringgit-backed stablecoins and digital financing models.
The initiative also includes the creation of a Digital Asset Treasury (DAT) backed by $121.5 million in Zetrix tokens, with plans to increase holdings to $243 million.
According to Bullish Aim, the stablecoin will help expand the ringgit’s role in cross-border trade settlements while attracting greater foreign investment into Malaysia.
The company noted that its treasury strategy follows global precedents such as MicroStrategy’s long-term digital asset accumulation model.
You need to login in order to Like
Leave a comment