Regent of Johor Backs Digital Token Pegged to Malaysian Currency and Bonds
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The Johor regent has launched the RMJDT stablecoin, backed by the Malaysian ringgit and government bonds. This initiative includes a substantial investment in Zetrix blockchain, with plans for DATCO to stake 10% of Zetrix validators using RM500m to RM1b in tokens. This launch is amid evolving regulatory discussions in Malaysia regarding digital assets.
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- Johor regent launches ringgit-backed RMJDT stablecoin on the Zetrix blockchain.
- RMJDT is backed by ringgit cash and Malaysian government bonds under a national sandbox.
- New DATCO treasury stakes up to 10% of Zetrix validators with RM500m to RM1b in tokens.
Malaysia’s digital-asset market is set for another shift as Tunku Ismail Sultan Ibrahim, the eldest son of Malaysia’s king and the regent of Johor, oversees a new initiative involving a ringgit-pegged stablecoin and a sizable investment in blockchain-based assets.
According to a Bloomberg report, the rollout coincides with the ongoing regulatory discussions in Malaysia and comes at a time when private firms across Asia continue to introduce payment-focused tokens.
Bullish Aim Sdn., which is chaired and owned by Tunku Ismail, introduced a stablecoin named RMJDT. The token will be pegged to the Malaysian ri…
Read The Full Article Regent of Johor Backs Digital Token Pegged to Malaysian Currency and Bonds On Coin Edition.
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