Malaysia’s Crown Prince Launches $121M Crypto Treasury – Despite Bubble Fears

Malaysia’s Crown Prince has formally stepped into the digital-asset sector with a brand new state-backed stablecoin initiative and a big crypto-treasury plan, at the same time as issues develop over whether or not the worldwide digital-asset treasury growth has already entered a fragile section.

Bullish Aim Sdn. Bhd., chaired and owned by His Royal Highness Tunku Ismail Ibni Sultan Ibrahim, the Regent of Johor, announced the launch of RMJDT, a ringgit-backed stablecoin issued on Zetrix, the Layer-1 blockchain that powers Malaysia’s nationwide Malaysia Blockchain Infrastructure.

The rollout came about beneath the supervision of the country’s regulated sandbox, which is overseen by each the Securities Commission and Bank Negara Malaysia, to check monetary improvements starting from stablecoins to programmable fee methods.

Crown Prince Drives RMJDT Rollout With $121M Digital Asset Reserve

RMJDT is meant to strengthen the ringgit’s profile in cross-border settlements and appeal to international direct funding, echoing Malaysia’s broader push into tokenization and digital-asset modernization.

The Crown Prince stated the initiative is a part of Johor’s effort to align with the nation’s Digital Asset National Policy, which inspires real-world asset tokenization and experiments in supply-chain finance.

Alongside the stablecoin launch, Bullish Aim confirmed plans to determine a Digital Asset Treasury Company with an preliminary allocation of 500 million ringgit, roughly $121 million, in Zetrix tokens.

The agency intends to increase the treasury to 1 billion ringgit over time. The treasury can be used to stabilize gasoline charges for RMJDT transactions and to help as much as 10% of validator nodes throughout the nationwide blockchain infrastructure.

The transfer attracts inspiration from high-profile company treasury methods corresponding to these employed by Strategy, which has accumulated greater than 660,000 Bitcoin since 2020.

Additionally, Ismail’s reported $2.7 billion bid for a land deal in Singapore again in August reveals how some well-capitalized gamers are nonetheless prepared to take main swings, at the same time as worries develop about others mimicking the identical methods.

The Regent of Johor stated the Zetrix reserve was obligatory to make sure predictable operations and tighter alignment with the nationwide blockchain.

The launch comes at a time when Zetrix trades round $12.60, effectively beneath its peak above $20 recorded roughly a yr earlier, according to CoinGecko knowledge.

Malaysia Ramps Up Crypto Treasuries Even as Global Inflows Slow

The timing additionally locations Johor’s initiative inside a broader regional shift. In latest months, Malaysia has seen a collection of digital-asset treasury bulletins.

On November 12, VCI Global said it would acquire $100 million worth of OOB tokens in a deal that may make Tether the corporate’s largest shareholder.

VCI Global plans to fold the token into its AI and fintech platforms and set up its personal digital treasury division.

The agency had already bought $50 million value of tokens by means of a restricted share issuance and intends to purchase one other $50 million on the secondary market after Oobit completes its migration from Ethereum to Solana.

These developments are unfolding as Malaysia’s regulators speed up reforms to support a more active digital-asset ecosystem.

The Securities Commission has proposed an overhaul of trade guidelines after buying and selling volumes greater than doubled in 2024 to almost 14 billion ringgit.

The new framework would permit sure tokens to be listed with out prior approval, supplied they meet strict standards, whereas requiring operators to undertake tighter governance and danger controls.

But the broader digital-asset treasury sector is exhibiting indicators of fatigue. Data from DefiLlama shows company crypto treasuries recorded their slowest month of the yr in November, with inflows dropping to $1.32 billion, down sharply from September’s peak.

Galaxy Research described the market as getting into a “Darwinian section,” with leverage unraveling and a number of other treasury-backed shares buying and selling at deep reductions.

Even main gamers like Strategy, regardless of including practically $1 billion in Bitcoin final week, have seen their fairness fall more than 35% over the previous month.

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