Malaysia has just taken a bold step forward in the global digital economy.
His Royal Highness Tunku Ismail Ibni Sultan Ibrahim, the Regent of Johor, through Bullish Aim Sdn Bhd, officially launched RMJDT, a Ringgit-backed stablecoin issued on Zetrix, Malaysia’s national Layer-1 blockchain under the Malaysia Blockchain Infrastructure (MBI).
This marks one of the most significant blockchain developments Malaysia has ever seen — and here’s why it matters.
What Exactly Is RMJDT?
RMJDT is a stablecoin fully backed by Malaysian Ringgit, launched under a regulated sandbox framework.
Its goals are ambitious and nationally strategic:
- ✅ Strengthen Ringgit use in cross-border paymentsStablecoins are increasingly used in global trade. With RMJDT, Malaysia now has a sovereign-friendly instrument to facilitate faster, cheaper, and more transparent trade settlements.
- ✅ Boost foreign direct investment (FDI) into MalaysiaA regulated stablecoin and blockchain infrastructure creates confidence among global investors — especially those operating in digital finance, manufacturing, supply chain, and digital trade.
- ✅ Align with Malaysia’s Digital Asset National PolicyRMJDT is Malaysia’s entry into the global tokenisation wave — one that major economies are racing toward.
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Introducing the Digital Asset Treasury Company (DATCO)
Alongside RMJDT, Bullish Aim is setting up DATCO — the Digital Asset Treasury Company, with:
- Initial treasury of RM500 million in Zetrix tokens
- Future expansion to RM1 billion
Why is this important?
🔹 To stabilise RMJDT gas fees
Just like Bitcoin miners and Ethereum validators, treasury resources help maintain efficient and consistent network activity.
🔹 To strengthen Malaysia’s national Web3 backbone
DATCO will stake Zetrix tokens and support up to 10% of validator nodes within the Malaysia Blockchain Infrastructure — boosting network security and long-term resilience.
This mirrors global models such as MicroStrategy (large BTC holdings) and Bitmine Immersion, where deep treasury involvement helps stabilise and mature blockchain ecosystems.
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Why Zetrix?
Zetrix — developed by Zetrix AI Berhad (formerly MYEG) — is:
- A Layer-1 public blockchain
- Supporting smart contracts
- Designed for security, scalability, and privacy
- Serving as a blockchain gateway for global trade, especially via cross-chain integration with China
Zetrix enables core Web3 components such as:
- Blockchain-based Identifiers (BID)
- Verifiable Credentials (VC)
These building blocks position Malaysia as a serious participant in digital identity, cross-border blockchain trade, and tokenised asset infrastructure.
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