Johor Unveils Malaysia’s First Ringgit-Backed Stablecoin, RMJDT, to Boost Digital Trade and Investment

JOHOR BAHRU: In a landmark step for Malaysia’s digital economy, His Royal Highness Tunku Ismail Ibni Sultan Ibrahim, the Regent of Johor, has officially launched RMJDT, the nation’s first ringgit-backed stablecoin, on Zetrix, the Layer-1 blockchain powering the Malaysia Blockchain Infrastructure (MBI).

Developed by Bullish Aim Sdn Bhd under Malaysia’s regulated Digital Asset Sandbox, RMJDT aims to expand the use of the Ringgit in international transactions, strengthen cross-border trade settlement, and attract greater foreign direct investment (FDI) into the country. The move places Malaysia firmly within the global wave of real-world asset tokenization and aligns with the national Digital Asset Policy.

Alongside RMJDT, Bullish Aim also announced the establishment of a Digital Asset Treasury Company (DATCO), with an initial treasury reserve of RM500 million in Zetrix tokens set to double to RM1 billion in future phases.

The treasury will be used to stabilize network gas fees for RMJDT transactions and mirror global digital-asset strategies implemented by companies such as MicroStrategy and Bitmine Immersion.

DATCO will additionally stake Zetrix tokens to support up to 10% of the validator nodes under the Malaysia Blockchain Infrastructure, strengthening national Web3 resilience and enhancing the overall security and performance of the network.

“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 the Regent of Johor.

He added that these initiatives reflect Johor’s commitment to driving digital innovation through blockchain technology, trade facilitation and economic development, while remaining fully compliant with Malaysia’s sandbox regulations.

Zetrix, developed by Zetrix AI Berhad, formerly MY E.G. Services Bhd, functions as a Layer-1 public blockchain offering smart-contract capabilities, privacy, scalability, and cross-border interoperability. Its integration with China’s blockchain infrastructure positions Zetrix as a strategic gateway for global digital trade, supporting Web3 solutions such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).

The combined launch of RMJDT and the Digital Asset Treasury marks a significant milestone for Malaysia, signalling stronger government-industry collaboration in shaping a secure, innovative, and globally connected blockchain ecosystem.