Malaysia has taken a significant step in expanding its digital asset ecosystem with the introduction of RMJDT, a ringgit-backed stablecoin created by Bullish Aim Sdn Bhd. The company is chaired and owned by Johor Regent Tunku Ismail Sultan Ibrahim, and the new asset is being issued on Zetrix, the core Layer-1 blockchain supporting the country’s national Malaysia Blockchain Infrastructure. The initiative is positioned as part of the nation’s broader strategy to reinforce its role in cross-border digital finance.
According to details shared through a filing by Zetrix AI Bhd on Bursa Malaysia, RMJDT has been launched under a regulated sandbox environment designed to promote secure testing and validation. The stablecoin has been presented as a tool intended to encourage broader international usage of the ringgit, particularly for trade settlement. It has also been framed as a potential driver for increased foreign direct investment, with the company indicating that digital asset adoption could make Malaysia more attractive to global investors seeking advanced financial infrastructure.
Zetrix AI Bhd conveyed that the initiative is aligned with global movements toward tokenization and is expected to support Malaysia’s Digital Asset National Policy. Through this approach, policymakers aim to position the nation as a competitive participant in the expanding digital economy, especially in areas where blockchain-based financial instruments can streamline processes and strengthen transparency.
Major Treasury Commitment Planned Through DATCO
Bullish Aim has paired the rollout of RMJDT with the establishment of a dedicated Digital Asset Treasury Company, known as DATCO. This new entity will oversee significant token reserves and play a strategic role in both stabilizing and strengthening the wider blockchain ecosystem on which RMJDT operates.
DATCO will begin with an initial treasury allocation of RM500 million in Zetrix tokens. Company plans indicate that this amount may later rise to RM1 billion as market needs evolve and platform usage expands. The structure has been modeled after global examples such as MicroStrategy and Bitmine Immersion, both of which maintain sizeable digital asset treasuries to reinforce their operational models.
A key function of DATCO will involve ensuring stable network gas fees for RMJDT transactions. By holding and deploying a substantial stockpile of tokens, the treasury aims to reduce volatility and maintain predictable costs for users interacting with the stablecoin. This is viewed as an important component for supporting both enterprise use cases and regulatory confidence.
Strengthening National Web3 Infrastructure
Beyond treasury management, DATCO will also participate in supporting the technical foundation of Malaysia’s blockchain infrastructure. Plans indicate that the company will stake Zetrix tokens to reinforce up to 10% of the validator nodes within the national blockchain framework. This contribution is expected to enhance long-term network resilience, allow for more secure transaction verification, and increase overall operational efficiency.
Industry observers have suggested that such a move could provide Malaysia with a stronger footing as Web3 technologies continue to mature globally. By strengthening validator participation and stabilizing transaction costs, the initiative is seen as a way to cultivate a dependable environment for businesses and government agencies exploring blockchain-based applications.
The launch of RMJDT, combined with the establishment of DATCO, marks a notable milestone in Malaysia’s digital asset strategy. Through these measures, the country is signaling its intent to elevate its digital economy ambitions, potentially setting the stage for wider adoption of blockchain technologies across national and international markets.
