TMJ Launches Ringgit Stablecoin RMJDT on Zetrix Blockchain
A Royal Push Into Digital Finance
The Johor Regent, Tunku Ismail Sultan Ibrahim, has officially launched RMJDT, a ringgit backed stablecoin built on Zetrix AI Bhd’s layer one blockchain that anchors the Malaysia Blockchain Infrastructure.
The initiative positions Malaysia more aggressively in the global digital asset economy and marks one of the country’s most significant steps toward blockchain based financial innovation.
RMJDT will be issued through Bullish Aim Sdn Bhd, a company fully owned by TMJ, operating under a regulated sandbox framework designed to ensure accountability and national oversight.
Strengthening Ringgit Use in Cross Border Transactions
According to Zetrix, RMJDT is intended to expand the ringgit’s utility in international trade settlements.
The goal is not only to improve efficiency but also to attract more foreign direct investment as global markets increasingly shift toward tokenised financial systems.
The stablecoin aligns with Malaysia’s Digital Asset National Policy and mirrors international developments in tokenisation which have become a major focus for governments and financial institutions worldwide.
A Bloomberg source reported that RMJDT will be backed by ringgit cash deposits and short term Malaysian government securities. This dual backing mirrors the structure of leading global stablecoins but ties its base value directly to Malaysia’s sovereign instruments.
Building a RM500 Million Digital Asset Treasury
Bullish Aim is also establishing a digital asset treasury company known as Datco, starting with an allocation of RM500 million worth of Zetrix tokens.
This allocation may later be increased to RM1 billion.
The treasury serves two core purposes.
First, to stabilise gas fees for RMJDT transactions across the Zetrix network.
Second, to stake Zetrix tokens and support up to ten percent of validator nodes in the Malaysia Blockchain Infrastructure. This is expected to strengthen long term Web3 resilience across the national ecosystem.
TMJ, who also serves as chairman of Zetrix AI, emphasised that the treasury is essential for ensuring network reliability and sustaining Malaysia’s ambitions in digital finance.
Malaysia Signals Strong Commitment to Blockchain Adoption
The timing of RMJDT’s launch fits within Malaysia’s broader push to expand digital asset innovation responsibly.
Earlier this year, Prime Minister Datuk Seri Anwar Ibrahim highlighted the importance of accelerating blockchain adoption while maintaining regulatory clarity through collaboration with Bank Negara Malaysia, the Securities Commission and the Digital Ministry.
In October, Bank Negara Malaysia released a discussion paper detailing its approach to asset tokenisation. The central bank is currently gathering feedback to determine how tokenised financial services should be regulated in the Malaysian financial system.
Zetrix’s market response has been positive, closing slightly higher at 80.5 sen and placing the company at a valuation of RM6.29 billion.
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