Tian Ruixiang Holdings Ltd reported a sharp intraday increase in its Nasdaq-listed shares, climbing 16.8% on Friday after announcing that it is in the final stages of talks with Southeast Asian governments to introduce a regulated stablecoin.
The company said the discussions involve financial regulators and government officials in four countries - Indonesia, Malaysia, Singapore, and Thailand. The initiative is described as an outgrowth of a previously disclosed strategic partnership with a global digital asset investor, which included a planned investment of 15,000 Bitcoin in exchange for equity in the firm.
Under the proposal, the stablecoin would be pegged to a basket of major fiat currencies. Tian Ruixiang also indicated the digital token would leverage its artificial intelligence capabilities for multiple compliance and security functions, including risk management, fraud detection, and transaction monitoring. The company stated the stablecoin would adhere to global anti-money laundering standards.
"Our exclusive strategic partnership was forged to do more than just strengthen our balance sheet - it was built to revolutionize an industry," stated the Chief Executive Officer of TIAN RUIXIANG Holdings Ltd. "The fact that we are now in the final stages of negotiations with key Southeast Asian governments to launch a regulated stablecoin is a testament to the audacity of our vision and the speed with which we execute."
Tian Ruixiang indicated that, subject to regulatory approvals, it plans a phased rollout of the stablecoin. The company is targeting an initial launch in the second half of 2026. Management envisions the token serving as the foundation for a suite of AI-crypto products aimed at both institutional and retail users.
The stock has exhibited volatility in recent months as the firm has shifted strategic emphasis toward digital assets and AI-driven technology initiatives. The company did not provide additional details on the timeline for regulatory clearances, the specific composition of the fiat currency basket, or the technical architecture supporting the stablecoin beyond the general description of AI-enabled controls.
Investors and market participants will likely monitor the progress of government negotiations, the outcome of any required regulatory approvals, and further disclosures about the partnership financing and product rollout schedule.