Bullish Aim Sdn. Bhd., a company chaired and owned by Tunku Ismail Ibni Sultan Ibrahim (also known as Tunku Ismail Ibrahim or TMJ), the Regent and eldest son of the Sultan of Johor, has launched RMJDT, a ringgit‑backed stablecoin issued on the Zetrix Layer‑1 blockchain. The token is designed to maintain a 1:1 peg to the Malaysian ringgit (MYR) and, according to reporting, is backed by ringgit cash deposits and short‑term Malaysian government bonds, with an initial supply of 500 million tokens. RMJDT is being rolled out under Malaysia’s regulated national digital asset sandbox framework as part of a broader push to experiment with tokenised money and blockchain infrastructure within a supervised environment.
The initiative is positioned as both a domestic payments tool and a cross‑border settlement instrument aimed at strengthening the international use of the ringgit, especially in trade and remittances. Bullish Aim and Zetrix frame RMJDT as aligned with Malaysia’s Digital Asset National Policy and the Malaysia Blockchain Infrastructure (MBI), with Zetrix serving as the core chain for issuance and transactions. Alongside the stablecoin, Bullish Aim plans a Digital Asset Treasury Company (DATCO) with an initial allocation of RM500 million in Zetrix tokens (target RM1 billion), to help stabilise network gas fees for RMJDT transactions and to stake tokens supporting up to 10% of validator nodes in the national infrastructure, tying the project directly into Malaysia’s broader Web3 and digital‑economy strategy.
Analysts and commentators see RMJDT as a significant milestone for Malaysia’s digital‑finance ambitions, representing one of the first ringgit‑backed stablecoins and offering a case study in how a royal‑backed private issuer can operate within a regulatory sandbox alongside national blockchain infrastructure. At the same time, coverage notes that RMJDT remains in an early, experimental phase, with questions still open around user adoption, interoperability, and how it will coexist with other ringgit‑linked digital instruments or any future central bank digital currency. The project brings Malaysia into a regional trend where asset‑backed stablecoins are being used to test new payment rails and cross‑border settlement models, while placing a prominent member of the Johor royal family at the center of a high‑profile Web3 financial initiative.
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✨ AI-generated background, compiled from web sources — not editorial content.
