Core Insights - Malaysia's Crown Prince has launched a state-backed stablecoin initiative and a significant crypto-treasury plan amidst concerns about the global digital-asset market's stability [1] Group 1: Stablecoin Initiative - Bullish Aim Sdn. Bhd. has introduced RMJDT, a ringgit-backed stablecoin, utilizing the Zetrix blockchain, which supports Malaysia's national blockchain infrastructure [2] - The rollout of RMJDT is conducted under a regulated sandbox overseen by the Securities Commission and Bank Negara Malaysia, aimed at testing financial innovations [3] - The initiative aims to enhance the ringgit's role in cross-border settlements and attract foreign direct investment, aligning with Malaysia's Digital Asset National Policy [4] Group 2: Digital Asset Treasury - Bullish Aim plans to establish a Digital Asset Treasury Company with an initial allocation of 500 million ringgit (approximately $121 million) in Zetrix tokens, with intentions to grow the treasury to one billion ringgit [5] - The treasury will stabilize gas fees for RMJDT transactions and support up to 10% of validator nodes within the national blockchain infrastructure [5] - The strategy draws inspiration from successful corporate treasury models, highlighting the willingness of well-capitalized players to engage in significant investments despite market uncertainties [6] Group 3: Market Context - The launch of RMJDT occurs during a period of declining prices for Zetrix, which trades around $12.60, down from a peak above $20 a year ago [7] - Malaysia is experiencing a broader regional shift with multiple digital-asset treasury announcements, indicating a proactive approach to digital asset integration despite global inflow slowdowns [8]