MYRT is a 1:1 Ringgit-backed, limited-purpose stablecoin.
Every token in circulation is matched 1:1 by Ringgit - held in segregated reserves as cash and in a Shariah-compliant Ringgit income fund.
Reserve portfolio held through Universal Trustee (Malaysia) Berhad and managed by Halogen Capital Sdn. Bhd., both licensed by the Securities Commission Malaysia. Figures are taken directly from the trustee's statement of account.
Download reserve report (PDF) →MYRT is live on Ethereum today. The token contract is public and verifiable, and its codebase is forked from Paxos' battle-tested stablecoin contracts - independently audited by Zellic and Trail of Bits.
MYRT has a deliberately narrow scope. Knowing what it is for - and what it is not - is part of how we keep it safe and compliant.
For Singapore residents and visitors who want to spend at Malaysian merchants in MYRT, MYRT supports a one-way conversion from xSGD - the regulated Singapore Dollar stablecoin - into MYRT. We do not operate a reverse rail back to xSGD.
We do not run a currency-conversion venue. The xSGD rail exists so Singapore visitors can pay Malaysian merchants like locals, and the only redemption we operate is 1:1 to Ringgit, through registered redeemers.
MYRT is not designed or supported for swapping into any other currency, token, or asset. The only redemption path the issuer provides is 1 MYRT to 1 MYR, settled through MYRT's redemption rail by a registered redeemer.
MYRT is not designed to be swapped for USDT, USDC, or any other dollar-denominated or non-MYR stablecoin. Anyone treating MYRT as a hop in a cross-stablecoin trade is using it outside its intended purpose - and outside the support of MYRT and its partners.
MYRT is not a money services business. It does not run currency-exchange or remittance services. It does not quote FX rates, accept funds for conversion, or hold customer balances for the purpose of conversion. Any FX that occurs - including the xSGD inbound rail - is performed by licensed third parties operating within their own regulatory permissions.
MYRT does not offer FX hedging, FX trading, or multi-currency accounts. It is denominated only in Malaysian Ringgit and behaves only as a Ringgit substitute on-chain for limited purposes.
What the issuer operates is one-way by design: conversion into MYRT, and redemption out to Ringgit through registered parties. Because MYRT settles on a public blockchain, independent third parties - such as exchanges, wallets, or decentralised protocols - may list, hold, or transact MYRT without our involvement. Any such secondary activity is not provided, facilitated, or endorsed by the issuer, and is undertaken solely at the user's own risk and responsibility, subject to all applicable laws.
Holding, sending, receiving, redeeming, or accepting MYRT must comply with the laws of Malaysia and any other jurisdiction relevant to the user. This includes but is not limited to anti-money-laundering and counter-terrorism-financing rules, sanctions regimes, tax obligations, securities and payments licensing, and the regulatory permissions held by each party in a transaction.
MYRT's compliance controls are designed to support these obligations - not to replace the user's responsibility to follow them.