What Malaysia’s Royal Stablecoin Reveals About Asia’s Shift To...

Malaysia’s RMJDT shows how Asia is pulling stablecoins into regulated finance, linking tokenized assets with local-currency onchain settlement.

RMJDT is a ringgit stablecoin pitched for payments and cross-border trade.

Its treasury and validator setup is designed to make onchain settlement function like reliable infrastructure.

Across Asia, stablecoins are being brought under licensing and reserve and redemption rules.

Tokenized assets are increasing demand for tokenized settlement in local currencies, not just USD.

RMJDT is being pitched as a ringgit-pegged token tied to Johor’s Crown Prince. It was launched by his company, Bullish Aim, and issued on Zetrix, a network connected to Malaysia’s national blockchain infrastructure.

The token is intended for payments and cross-border trade settlement, with the project also announcing a 500 million Malaysian ringgit ($121 million) Zetrix-token treasury to support the network’s day-to-day operations.

Across Asia, there is a broader shift toward regulated tokenized money, including stablecoins with clearer reserve and redemption rules and onchain settlement systems built for trade and tokenized assets. RMJDT is one example of that trend.

RMJDT is being marketed as a straightforward product, a ringgit-pegged stablecoin issued on the Zetrix blockchain by Bullish Aim, a company chaired and owned by Johor Regent Tunku Ismail Ibni Sultan Ibrahim.

The token is designed for everyday payments and cross-border trade. It also aims to make the ringgit easier to use in a world where more commerce is happening online and across borders.

Source: CoinTelegraph