From left: Bullish Aim Sdn Bhd managing director Datuk Lion Peh, Johor Regent Tunku Ismail Sultan Ibrahim and Zetrix AI Bhd co-founder TS Wong.
JOHOR BARU: Bullish Aim Sdn Bhd, chaired and owned by Johor Regent Tunku Ismail Sultan Ibrahim, has launched RMJDT, a ringgit-backed stablecoin issued on Zetrix, the core Layer-1 blockchain underpinning Malaysia’s national Malaysia Blockchain Infrastructure.
Launched under a regulated sandbox framework, Zetrix AI Bhd said in a Bursa Malaysia filing that the RMJDT is designed to strengthen the international use of the ringgit in cross-border trade settlements and to act as a catalyst for attracting increased foreign direct investment (FDI) into Malaysia.
“The initiative aligns with global tokenisation trends and directly supports Malaysia’s Digital Asset National Policy.”
In conjunction with the RMJDT rollout, Bullish Aim will also establish a Digital Asset Treasury Company (DATCO) with an initial treasury allocation of RM500mil in Zetrix tokens, with plans to increase to RM1bil.
Modelled after global precedents such as MicroStrategy and Bitmine Immersion, this treasury will play a pivotal role in ensuring stable network gas fees for RMJDT transactions.
DATCO will additionally stake Zetrix tokens to support up to 10% of the validator nodes within the Malaysia Blockchain Infrastructure, reinforcing long-term national Web3 resilience while enhancing the security and efficiency of the blockchain ecosystem.
