The eldest son of Malaysia’s billionaire Sultan is apparently going all-in on crypto with a brand-new ringgit stablecoin that could reshape payments across Asia-Pacific.
Bullish Aim, the telecom giant owned by Tunku Ismail Idris Ibrahim (crown prince of Johor and son of Sultan Ibrahim Iskandar), unveiled RMJDT stablecoin pegged 1:1 to the Malaysian ringgit.
It is the first major ringgit stablecoin built for real-world cross-border trade
The ringgit stablecoin will live on Zetrix, the layer-1 blockchain that’s already bridging China and Southeast Asia with government-grade infrastructure.
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Think instant, low-cost settlements in ringgit without the volatility that scares off traditional businesses.
RMJDT launches inside Malaysia’s official regulatory sandbox overseen by Bank Negara Malaysia and the Securities Commission, meaning this stablecoin has the green light to prove itself in the real economy.
From programmable payments to supply-chain finance, the sandbox was literally designed for projects exactly like this one. As a matter of fact, this will enhance the global use of the Malaysian ringgit in trade and pull in fresh foreign investment.
Is $121 Million Bet on Zetrix, the Royal Version of MicroStrategy?
Not stopping at the stablecoin, Bullish Aim is launching a Digital Asset Treasury (DAT) stuffed with 500 million ringgit ($121.5 million) worth of Zetrix tokens. They plan to double it to almost $243 million soon.
Tunku Ismail isn’t shy about the inspiration either.
“We’re following the Michael Saylor playbook,” he said.
Of course, the timing raises eyebrows. Some analysts say the entire DAT trend already peaked in summer 2025 and is now deflating fast.
However, in this scenario, wealthy entities such as the Johor royal family continue to thrive, while others continue to struggle.
Nevertheless, backed by royal wealth, built on Zetrix, and born inside a government sandbox, ringgit stablecoin feels less like speculation and more like the future showing up early.
