New Ringgit Stablecoin Targets Asia-Pacific Payments as Digital Asset Treasury Strategy Expands
Malaysia has taken a major step into the regional digital asset economy with the launch of RMJDT, a new ringgit-backed stablecoin issued on the Zetrix blockchain. The initiative is led by Ismail Ibrahim, the crown prince and eldest son of Malaysia’s king, through his telecom firm Bullish Aim. The stablecoin is designed to support payments and cross-border settlement across the Asia-Pacific region, strengthening the international use of Malaysia’s currency.
RMJDT is being introduced under Malaysia’s regulated sandbox overseen by the Securities Commission and Bank Negara Malaysia. The framework allows innovators to test new financial products, including programmable payments, ringgit-pegged stablecoins, and supply chain financing. Launched in June, it forms a key component of the country’s push to expand digital asset infrastructure under the Digital Asset National Policy.
Alongside the stablecoin, Bullish Aim will form a digital asset treasury company anchored by 500 million ringgit (USD 121.5 million) in Zetrix tokens. The treasury is modeled after global corporate digital-asset strategies that accumulate blockchain-based reserves to support operations and long-term ecosystem alignment. The firm plans to double the treasury to 243 million USD as part of its long-term expansion.
However, Bullish Aim enters the DAT sector amid heightened scrutiny. Analysts warn that the DAT boom may be cooling, with several companies reassessing their digital-asset strategies after a strong rally earlier in 2025. Market experts suggest the next phase for digital treasuries will depend on disciplined management, sustainable business models and cautious expectations about digital assets on balance sheets.
Even so, Malaysia’s latest move underscores its intention to position the ringgit and the Zetrix ecosystem at the center of emerging regional tokenization and digital settlement frameworks.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.