A $121M Crypto Treasury Launched in Malaysia: Significance for Crypto Investors

Malaysia has recently demonstrated a significant shift in its national digital asset strategy. Bullish Aim Sdn. Bhd., a company chaired by the Regent of Johor (Crown Prince Tunku Ismail), has launched a $121 million (RM500 million) digital asset treasury and a ringgit-backed stablecoin (RMJDT).

This initiative operates within the national regulatory sandbox, supervised by the Securities Commission and Central Bank (Bank Negara Malaysia). LegalBison explains what this means for crypto investors and why now is the best time to establish a corporate foothold in Malaysia.

A $121M Crypto Treasury Launched in Malaysia: Significance for Crypto Investors image
Anastasia Marchenko photo
Anastasia Marchenko Legal Researcher at LegalBison
Dec, 17 2025 4 minutes

What Changes?

Such a drastic leap in Malaysia’s digital asset innovation opens the country’s doors for crypto entrepreneurs and investors wider than ever before. Now is the golden opportunity to demonstrate compliance and alignment with the national digital strategy, thus securing a stable position in a competitive Asian market.

LegalBison Explains: Significance for Crypto Investors

The source of the capital is the most significant aspect of the newly launched treasury: when the Crown Prince and state-backed entities hold crypto on their balance sheet, it functions as a “soft guarantee” against bans and demonstrates that Malaysia views digital assets as a sovereign infrastructure.

  • The Crown Prince and the state-linked machinery are now market participants. They hold $121M+ in assets and are building national infrastructure on this tech. This aligns the interests of the state with those of the foreign investors.

The introduction of RMJDT, followed by the launch of a $121 million treasury, explicitly targets Foreign Direct Investment (FDI) and import/export settlements in Malaysia. This allows the country to compete with Singapore and Hong Kong as a hub for regulated stablecoin payments.

  • This shift provides opportunities for payment providers, remittance firms, and FinTech companies to secure licenses in Malaysia and thus cover the newly opened trade corridor.

It is worth noting that the introduced treasury is largely allocated to Zetrix, the Layer-1 blockchain powering Malaysia’s national blockchain infrastructure. Investors should pay particular attention to the Zetrix ecosystem and related compliant tokens, as these are likely to receive preferential regulatory treatment and government contracts.

  • The rise of “sovereign-aligned” blockchains in Malaysia draws a clear distinction between the public speculative chains and a government-endorsed infrastructure. In simple terms, it signals a significant shift from tolerance to adoption. Malaysia is no longer just allowing crypto to exist: it is actively weaving blockchain into its economy.

What Does it Mean for Company Owners?

The newest state-level developments in Malaysia’s digital asset sector signal a unique opportunity for crypto company owners and investors.

Previously, applying for a full Digital Asset Exchange (DAX) license was the standard route. However, the Crown Prince used the Regulatory Sandbox to launch his stablecoin. If your business model involves anything innovative (such as stablecoins, RWA tokenization, or payment rails), apply for the Sandbox instead of the standard license. Refer to LegalBison, so we can map out your path.

The Crown Prince’s bet on the Zetrix blockchain demonstrates a preference for the national infrastructure. If you’re planning to build a dApp or tokenization platform, deploying on Zetrix or ensuring its interoperability with your network could give you a significantly faster pass for regulatory approval in Malaysia.

An Alternative? The Digital Asset Exchange (DAX)

If you want to start generating revenue immediately, the Digital Asset Exchange (DAX) license in Malaysia is a universal, “commercial” alternative. While the Sandbox remains a testing environment with strict limits on customers and volume, the DAX license can already make your business fully operational.

It is the crucial difference between running a pilot project and running a business in Malaysia. If you want to bypass the experimental phase entirely and secure the right to trade, the DAX license is what will offer regulatory certainty and immediate market access from day one.

Seeking a Stable and Regulated Foothold in Asia? Malaysia is the Answer

Whether you opt for experimenting within the Sandbox or settle on the commercial power of the Digital Asset Exchange license in Malaysia, start by speaking to an expert. LegalBison offers pre-made packages, as well as custom solutions, for rounded and fully compliant crypto licensing in Malaysia within the shortest possible timeframe.

Contact us today for a free consultation with a dedicated specialist. Inquire about the standard DAX licensing procedure, as well as the current possibilities for innovation, as the Malaysian digital asset market is rapidly moving into a new phase and presenting a priceless opportunity for full regulatory compliance and steady business growth.

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