Malaysia’s Crown Prince Unveils $121M Crypto Treasury Inspired by MicroStrategy
A big move from Southeast Asia today.
At the Bitcoin MENA Conference and through coordinated press releases at home, Tunku Ismail Sultan Ibrahim, the Regent of Johor and son of Malaysia’s King, unveiled one of the most aggressive sovereign crypto strategies we’ve seen this year.
The Scoop
The Prince’s company Bullish Aim is launching two major initiatives:
- RMJDT Stablecoin: a ringgit-pegged digital currency backed by cash and Malaysian government bonds
- A Digital Asset Treasury Company (DATCO): seeded with RM 500 million (~$121.5M) to purchase Zetrix, the native token of Malaysia’s government-backed Layer-1 blockchain
Both announcements were confirmed Dec 9 by Bloomberg, along with statements from Zetrix and Johor’s royal…
