The Malaysian King's eldest son launches the first ringgit stablecoin "RMJDT," targeting cross-border payments in the Asia-Pacific region.

The telecommunications company Bullish Aim Sdn Bhd, wholly owned and personally chaired by Tunku Ismail Ibni Sultan Ibrahim (TMJ), the Regent of Johor, Malaysia, officially launched the stablecoin “RMJDT” today (9th), which is pegged 1:1 to the Malaysian Ringgit (MYR).

(Previous context: Bank Negara Malaysia launches “RWA Tokenization” exploration plan, progressing over three years in three phases) (Background supplement: Malaysian government departments strongly support Web3 development, backing “Malaysia Blockchain Week (MYBW)”)

Bullish Aim Sdn Bhd, wholly owned and personally chaired by Tunku Ismail Ibni Sultan Ibrahim (TMJ), the Regent of Johor, Malaysia, officially launched the stablecoin “RMJDT” today (9th), pegged 1:1 to the Malaysian Ringgit (MYR). This stablecoin aims to accelerate cross-border payments, trade settlements, and digital economic innovation in the Asia-Pacific region. It is the first Ringgit stablecoin in Malaysia endorsed by an official regulatory sandbox.

Supported by the Malaysian Royal Family

Bullish Aim is wholly owned by TMJ, the current Regent of Johor and eldest son of the reigning King of Malaysia, Sultan Ibrahim Iskandar. The project is being developed under the “regulatory sandbox” framework jointly launched by the Securities Commission Malaysia (SC) and Bank Negara Malaysia in June 2025, focusing on programmable payments, supply chain finance, and other innovative digital asset applications, making it an officially recognized and regulated pilot project.

RMJDT Core Mechanism

According to public information, RMJDT has the following core mechanisms:

• 100% backed by cash deposits and short-term Malaysian government bonds, ensuring a stable 1:1 value with the Ringgit
• Built on Malaysia’s national Layer-1 blockchain Zetrix (formerly a MyEG blockchain)
• High throughput and national security-level safety design

Regarding RMJDT, Bullish Aim Managing Director Lion Peh stated: “RMJDT aims to become the national standard for crypto payments in Malaysia, enabling faster, safer, and lower-cost transactions. It will significantly boost the use of the Ringgit in international cross-border trade and attract more foreign direct investment (FDI), fully aligning with the Malaysian government’s national digital asset policy.”

Simultaneous Establishment of “Digital Asset Treasury Company”

Alongside RMJDT, Bullish Aim also announced the establishment of the “Digital Asset Treasury Company” (DAT), with an initial capital injection of 50 million Ringgit (about $12.1 million USD) to purchase Zetrix native tokens, with plans to expand to 100 million Ringgit in the future. This move is similar to MicroStrategy’s strategy of holding Bitcoin, but the primary goal is to stabilize gas fees within the RMJDT ecosystem and support its long-term development.

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The article “Malaysia King’s Eldest Son Launches First Ringgit Stablecoin ‘RMJDT’, Targeting Asia-Pacific Cross-Border Payments” was first published on BlockTempo, the most influential blockchain news media.