Malaysia launches RMJDT, a Ringgit-backed stablecoin designed for cross-border APAC payments and attracting foreign investment, with an initial supply of 500 million tokens backed by ringgit cash deposits and short-term local government bonds.

Bullish Aim plans a digital asset treasury company modeled after a proven treasury approach, accumulating Bitcoin since 2020 to ensure operational stability and alignment with national blockchain goals.

RMJDT will be issued on Zetrix, a Layer‑1 blockchain focused on connecting governments, businesses, and individuals to the Web3 economy, with emphasis on cross-border integration involving China.

Key challenges include evolving regulatory frameworks, the need for public education, and demonstrating resilience through economic cycles to maintain trust.

Bullish Aim has not issued an official comment at the time of publication.

Royal backing adds institutional credibility, potentially smoothing regulatory approvals and boosting public acceptance for crypto adoption in Malaysia.

Broader implications point to greater blockchain integration in Malaysian banking, possible regulatory improvements, and potential regional adoption by other ASEAN nations with national stablecoins.

Regional trend toward national digital currencies in Asia positions Malaysia’s private‑led, royal‑backed approach as a flexible alternative to centrally controlled models.

Industry observers, including market analyst voices, suggest treasury models may have peaked after a 2025 rally as markets reassess their fit for long‑term treasury use.

Potential benefits include lower cross-border costs, improved financial inclusion, more efficient trade settlements, and a framework for central‑bank usage of digital instruments.

Announcements were confirmed on December 9 via Bloomberg, with statements from Zetrix and Johor’s royal press office and coordinated Malaysian press releases.

APAC leads global stablecoin adoption, with high regulatory and enterprise activity and notable pushes in markets like Hong Kong, underscoring favorable conditions for RMJDT.

APAC activity includes large on‑chain stablecoin use and institutional adoption for payments, settlements, and treasury functions, reinforcing why the region is a hotbed for this rollout.