#Malaysia advanced its digital transformation agenda in the financial sector by officially announcing the
#RMJDT a stablecoin linked to the ringgit — national currency — and launched on the public blockchain Zetrix, which serves as the foundation for the Malaysia Blockchain Infrastructure (MBI). The statement was made on Tuesday (9) by Bullish Aim Sdn. Bhd., a company led by Tunku Ismail
#lbni Sultan Ibrahim, Regent of Johor.
The project is part of the country's regulatory sandbox aimed at digital assets, a space that allows the government to closely monitor experimental initiatives. The expectation is that the new digital currency will strengthen the international use of the ringgit in foreign trade operations and make Malaysia more attractive to global investors.
In addition to the issuance of the stablecoin, Bullish Aim plans to create the Digital Asset Treasury Company (DATCO), starting with 500 million ringgit in tokens
#zetrix and projecting expansion to 1 billion. The initiative follows corporate treasury models in crypto already adopted by foreign companies, such as MicroStrategy and Bitmine Immersion.
According to the company, DATCO aims to ensure predictable costs for transactions with the RMJDT and contribute to the validation of the network, taking on up to 10% of the validating nodes of the MBI. This should reinforce the robustness and security of the national blockchain infrastructure.
Tunku Ismail emphasized that the creation of a treasury supported by Zetrix tokens is “strategically essential” to ensure the operational stability of the stablecoin and strengthen integration with the country's blockchain.
The Malaysian government seeks to position itself in the global tokenization landscape. The RMJDT was presented as part of a public policy aimed at using distributed technologies to increase efficiency in payments, trade, and government services.
$ETH $XRP