MYRT is a limited-purpose Ringgit-backed stablecoin running on public blockchain rails. Every issuance, transfer, and redemption is recorded on a transparent, programmable ledger - the same trust guarantees as cash, with the auditability of a digital record.
Blockchain gives MYRT a single, transparent ledger. Every token in circulation can be traced back to a verified Ringgit deposit held in a segregated account. Every transfer is signed, timestamped, and visible on-chain.
For merchants, that means fewer disputes - the receipt is the chain. For employers and HR partners, payroll runs are auditable end-to-end without spreadsheet reconciliation. For regulators, reserves and circulation are observable in real time.
You don't need to trust MYRT's word. You can read the ledger.
Two flows on the same ledger - same compliance, same redemption rail.
Cafes, retailers, hotels, and clinics accept MYRT like a loyalty point - but settle directly to their Malaysian bank account in Ringgit. No crypto custody required for the merchant. No FX risk on the customer side.
Employers and HR partners pay workers in MYRT. EPF, SOCSO, EIS, and LHDN reporting are handled through the partner integration. Workers receive Ringgit-equivalent value with the auditability of an on-chain record.
MYRT is not a permissionless free-for-all token. It's a regulated rail with rules baked in.
Every wallet that holds, sends, or receives MYRT is verified - KYC for individuals, KYB for businesses. No anonymous holders. No mixers. See compliance →
Sanctions screening, transaction monitoring, and audit trails run continuously. Designed to align with Bank Negara Malaysia's Digital Asset Innovation Hub framework. Compliance details →
Every MYRT in circulation is matched by one Ringgit held in a segregated account. Monthly independent attestations confirm the ratio. No fractional reserves.
MYRT does not pay interest, dividends, or staking rewards. Holding MYRT does not earn you anything - it's a digital substitute for cash, designed for spending and payroll, not for accumulation.
This is deliberate. A non-yield-bearing token is a payment instrument, not a security. It keeps MYRT predictable, accounting-friendly, and squarely outside investment regulation.
Read the full compliance framework - KYC, KYT, sanctions screening, audit trails, and the Bank Negara Malaysia alignment.