A Ringgit-backed stablecoin issued on Zetrix is now live in Johor as Malaysia expands trials for regulated digital asset products.
Bullish Aim Sdn Bhd, chaired and owned by Tunku Ismail Ibni Sultan Ibrahim, the Regent of Johor, has launched RMJDT on the Layer 1 blockchain that underpins the Malaysia Blockchain Infrastructure.
The rollout takes place under the national digital asset sandbox.
RMJDT is positioned to support cross-border trade settlement and attract more foreign direct investment by offering a blockchain-based representation of the Ringgit.
The initiative supports Malaysia’s Digital Asset National Policy and reflects wider global interest in tokenisation.
Bullish Aim will also establish a Digital Asset Treasury Company with an initial RM500 million in Zetrix tokens, with plans to raise this to RM1 billion.
The treasury is modelled after global precedents such as MicroStrategy and Bitmine Immersion and is intended to help stabilise network gas fees for RMJDT transactions.
The company plans to stake Zetrix tokens to support up to 10 percent of validator nodes on the Malaysia Blockchain Infrastructure.
This is aimed at strengthening network resilience and contributing to the security and performance of the national ecosystem.
“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,”
said His Royal Highness the Regent of Johor.
The initiatives operate within Malaysia’s regulated sandbox, which allows controlled testing under national oversight.
