Malaysia’s Crown Prince Launches RMJDT: A New Ringgit-Backed Stablecoin Shaking Up Digital Finance

Royalty meets blockchain in a move that could redefine Southeast Asia's financial landscape.

A Sovereign Digital Asset Enters the Arena

Forget speculative tokens—this is state-adjacent crypto with a tangible anchor. The launch of a ringgit-pegged stablecoin directly challenges the dominance of USD-backed giants in the region, offering a digital proxy for national currency that operates on a 24/7 global ledger. It's a strategic play for monetary sovereignty in the digital age.

Bypassing Traditional Banking Gates

The initiative effectively creates a parallel financial rail. Transactions settle in minutes, not days, cutting out correspondent banking fees and legacy SWIFT delays. For cross-border trade and remittances, it's a potential game-changer—assuming adoption follows the announcement.

The Institutional Wink

High-profile backing lends immediate credibility, the kind that venture capital can't buy. It signals to institutional players and retail investors alike that digital assets are moving from the fringe to the forefront of national economic strategy. Watch for other regional powers to follow suit with their own sovereign-linked tokens.

A Cynical Footnote from Finance

Because nothing says 'modern monetary policy' like creating a digital version of your currency to compete with the digital versions of other currencies—all while traditional bankers still argue about fax machine security. The future is here, and it's ironically redundant.

The RMJDT launch isn't just another stablecoin—it's a test of whether national currencies can hold their ground in the borderless, digital-first world of finance. The market's verdict will be written in adoption rates.

— BullBuzz EN (@BullBuzzNews) December 10, 2025

RMJDT is designed to promote the use of the Malaysian ringgit inand attract greaterinto the country. The token is issued on, a blockchain network intended to connect governments and enterprises to the emerging Web3 economy.

The launch is taking place under Malaysia’s, jointly overseen by theand. The Sandbox created in June 2025 allows regulated testing of financial innovations, including digital assets.

A Treasury Strategy Modeled After MicroStrategy

Alongside the stablecoin launch, Bullish Aim announced the creation of aentity. The company will initially hold, with plans to increase its holdings to.

The Crown Prince said the holdings serve a “strategic necessity” to ensure operational stability and strengthen integration with Malaysia’s national blockchain initiatives. The approach mirrors the corporate treasury strategy of, known for its extensive Bitcoin reserves.

Malaysian authorities see the move as aligned with the country’s national digital asset strategy. Increased institutional participation in crypto and blockchain-based assets could deliver broader economic benefits.

Market Caution Amid DAT Concerns

However, not all analysts are convinced. Some market observers warn of a potential, suggesting the surge in digital asset treasury initiatives may have overheated during the price run-up in mid-2025. CoinShares’ head of research noted that the market is now reassessing which companies are genuinely suited for a DAT model and urging realistic expectations regarding digital assets on corporate balance sheets.

Despite these concerns, Tunku Ismail remains bullish, stating that RMJDT and Zetrix-based initiatives could reinforce Malaysia’s position in Southeast Asia’s growing digital-currency landscape.

What’s Next for Malaysia’s Digital Economy

The introduction of RMJDT positions Malaysia as a more active competitor in the region’s digital-currency race. Analysts expect the stablecoin to pave the way for new financial services, including faster settlement systems, blockchain-based trade infrastructure, and enterprise-grade payment tools.

As Web3 adoption accelerates across Asia, Malaysia’s strategy highlights a clear ambition: leveraging regulated stablecoins and national blockchain infrastructure to drive economic modernization.

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