His Royal Highness Tunku Ismail Ibni Sultan Ibrahim, the Regent of Johor, has officially launched RMJDT, a stablecoin pegged to the Malaysian Ringgit, and established a Digital Asset Treasury Company (DATCO) on the Zetrix blockchain. This initiative aims to bolster the international use of the Ringgit in trade settlements and attract foreign investment.
Key Takeaways
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RMJDT Stablecoin Launch: A new Ringgit-backed stablecoin, RMJDT, has been introduced on the Zetrix blockchain.
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Digital Asset Treasury: Bullish Aim Sdn. Bhd. is establishing a Digital Asset Treasury Company (DATCO) with a significant initial investment in Zetrix tokens.
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National Blockchain Integration: Both initiatives are part of Malaysia's national blockchain infrastructure and operate within a regulated sandbox framework.
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Economic Objectives: The launch seeks to enhance cross-border trade, attract foreign direct investment, and support Malaysia's digital asset policy.
Strengthening Ringgit's International Presence
The RMJDT stablecoin is designed to fortify the international utility of the Malaysian Ringgit, particularly in cross-border trade settlements. By operating under a regulated sandbox framework, the initiative aligns with global tokenization trends and aims to serve as a catalyst for increased foreign direct investment (FDI) into Malaysia. This move directly supports Malaysia's Digital Asset National Policy.
Establishment of a Digital Asset Treasury
In conjunction with the stablecoin's rollout, Bullish Aim Sdn. Bhd. will establish a Digital Asset Treasury Company (DATCO). This company will initially allocate RM500 million in Zetrix tokens, with plans to expand this to RM1 billion. Modeled after international precedents, DATCO's primary role will be to ensure stable network gas fees for RMJDT transactions. Furthermore, DATCO will stake Zetrix tokens to support up to 10% of the validator nodes within the Malaysia Blockchain Infrastructure (MBI), thereby enhancing the security and efficiency of the blockchain ecosystem and reinforcing national Web3 resilience.
Strategic Vision and National Alignment
His Royal Highness the Regent of Johor stated, "As the issuer of RMJDT, we view the establishment of a Zetrix-token treasury as a strategic necessity – both to support operational stability and to deepen alignment with the national blockchain." These dual initiatives underscore Johor's commitment to advancing digital innovation at the nexus of blockchain technology, trade infrastructure, and national economic development, all while adhering to Malaysia's regulatory oversight within the approved sandbox environment.
About Zetrix
Zetrix is a Layer-1 public blockchain designed to facilitate smart contracts while ensuring privacy, security, and scalability. Developed by Zetrix AI Berhad (formerly MY E.G. Services Bhd), its cryptographic infrastructure is intended to connect governments, businesses, and citizens to a global blockchain-based economy. With cross-border and cross-chain integration capabilities, Zetrix serves as a blockchain gateway for global trade, providing essential building blocks for Web3 services like Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).
Sources
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The Regent of Johor Launches Ringgit-Backed Stablecoin and Digital Asset Treasury on Zetrix, 巴士的報.
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Malaysian royal launches ringgit-backed stablecoin for payments, The Business Times.
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