Malaysian Crown Prince Introduces Ringgit Stablecoin Backed by $121M Zetrix Treasury

Stablecoin Announcement: Tunku Ismail Sultan Ibrahim has introduced a ringgit-backed stablecoin, RMJDT, through his telecom firm Bullish Aim, which will be issued on the Zetrix blockchain and aims to enhance transaction efficiency in the Asia-Pacific region.

Regulatory Oversight: The launch of RMJDT is being supervised by Malaysia's Securities Commission and Bank Negara Malaysia within a regulated sandbox framework designed to test financial innovations, including programmable payments and supply chain financing.

International Trade and Investment: RMJDT is positioned as a tool to promote the Malaysian ringgit in cross-border trade and attract foreign direct investment, aligning with Malaysia's Digital Asset National Policy and global tokenization trends.

Digital Asset Treasury Plans: Bullish Aim plans to establish a digital asset treasury with an initial allocation of 500 million ringgit in $ZETRIX tokens, with future expansion plans, while drawing inspiration from successful treasury models in the cryptocurrency space.