The eldest son of the King of Malaysia launches the first ringgit stable currency "RMJDT", targeting cross-border payments in the Asia-Pacific region

Bullish Aim Sdn Bhd, a telecommunications company wholly owned and personally chaired by Tunku Ismail Ibni Sultan Ibrahim (TMJ), the Regent of Johor, Malaysia, officially launched the stablecoin "RMJDT" anchored 1:1 with the Malaysian legal currency ringgit (MYR) today (9th).
(Preliminary information: Bank Negara Malaysia launched the "RWA Tokenization" exploratory plan, which will last three years and be promoted in three phases)
(Background supplement: The Malaysian government ministry will support the development of Web3 and fully support the "Malaysian Blockchain Week (MYBW)")

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By Tunku Ismail Ibni Sultan, Regent of Johor, Malaysia Bullish Aim Sdn Bhd, a telecommunications company wholly owned and chaired by Ibrahim (TMJ), officially launched today (9th) the stable currency "RMJDT" anchored 1:1 with the Malaysian legal currency 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 to receive official regulatory sandbox endorsement.

Supported by the Malaysian Royal Family

Bullish Aim is wholly owned by TMJ, the eldest son of the current Malaysian King Sultan Ibrahim Iskandar and the Regent of Johor. The project was developed under the framework of the "Regulatory Sandbox" jointly launched by the Malaysian Securities Commission (SC) and Bank Negara Malaysia in June 2025. It focuses on innovative applications of digital assets such as programmable payments and supply chain finance. It is an officially recognized regulated pilot project.

RMJDT Core Mechanism

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

• 100% supported by cash deposits and short-term Malaysian government bonds, ensuring 1:1 stability of value and ringgit
• Built on the Malaysian national Layer-1 public chain Zetrix (formerly MyEG Its blockchain)
• Has high throughput and national security level security design

For RMJDT, Bullish Aim Managing Director Lion Peh said: "RMJDT The goal is to become the national standard for crypto payments in Malaysia, making transactions faster, safer and cheaper. It will significantly increase the use of ringgit in international cross-border trade and attract more foreign direct investment (FDI), which is fully in line with the Malaysian government’s national policy of promoting digital assets. ”

The simultaneous establishment of a “Digital Asset Treasury Company”

Also announced simultaneously with RMJDT was the establishment of a “Digital Asset Treasury Company” by Bullish Aim. Company (DAT), with an initial capital injection of RM50 million (approximately US$121 million) to purchase Zetrix native tokens, with future plans to expand to RM100 million. This move is similar to Micro Strategy Strategy’s strategy of holding Bitcoin, but the main goal is to stabilize the gas fee of the RMJDT ecosystem and support its long-term development.