Awarding of Islamic Digital Asset Classification Standard to Royal Money (“RMN”) Token

NCDLT Asset Evaluators is pleased to announce that after a meticulous assessment, the Royal Money (RMN) token has been awarded the Islamic Digital Asset Classification Standard (IDACS) rating — the first stablecoin to receive this designation from our organisation.

Classification Details

Key Requirements Met

The RMN token, developed by AI Green Bubble Sdn Bhd and minted on MaalChain MainNet, underwent a rigorous evaluation process. The assessment encompassed KYC/AML compliance, examination of the contract source code, asset reserves protocols, and other requirements under the IDACS framework.

Such a rating necessitates strict adherence to NC DLT Asset Evaluators – RICS stringent security measures standards, revolving around smart contract coding and compliance protocols.

This marks a significant milestone — the first stablecoin to receive an IDACS rating from our organisation, which operates under regulation by the Royal Institution of Chartered Surveyors.