RMJDT Debuts on Zetrix Blockchain
Malaysia’s digital finance sector received a major boost as Bullish Aim, led by Johor’s Tunku Ismail Sultan Ibrahim, introduced RMJDT, a stablecoin tied to the Malaysian ringgit. The announcement on December 9, 2025 signals Malaysia’s commitment to bringing regulated, fiat-backed digital payments into everyday use.
The token launches on Zetrix, a local layer 1 blockchain created by Zetrix AI. Sources familiar with the project say RMJDT is backed by cash reserves and short-term Malaysian government bonds. This structure helps maintain price stability and reassures users who want predictable on-chain transactions.
A Push Toward Regulated Digital Payments
Lion Peh, managing director at Bullish Aim, explained that RMJDT aims to become a leading choice for crypto-based payments in Malaysia. He emphasized that the stablecoin seeks to provide a safer and faster way for consumers and merchants to move funds.
The rollout follows earlier government efforts to create a controlled environment for blockchain experimentation. In June 2025, the administration of Anwar Ibrahim and Bank Negara Malaysia formed a regulatory sandbox through the Digital Asset Innovation Hub. This framework allows supervised testing of ringgit-backed stablecoins and programmable payment systems.
Key factors driving Malaysia’s stablecoin initiative include:
- A desire to strengthen domestic payment infrastructure.
- Interest in reducing reliance on foreign stablecoins.
- Growing demand for faster cross-border settlement.
Expanding Malaysia’s Blockchain Ecosystem
Bullish Aim also plans to launch a Digital Asset Treasury Company, known as DATCO. The firm expects to deploy an initial RM 500 million in Zetrix tokens, with the possibility of increasing that amount to RM 1 billion. The goal is to stabilize gas fees and support validator activity, which can improve long-term network reliability.
Analysts believe RMJDT could help Malaysia attract more fintech investment and position itself as a regional digital asset hub. If adoption grows and regulations remain clear, the stablecoin may become a key part of the country’s digital economy strategy.
