Tokenize Indonesia Launches, Targeting RWA Tokenization Startups

Saison Capital, the corporate venture division of Japan's Credit Saison, has teamed up with BRI Ventures and Coinvestasi to introduce Tokenize Indonesia.

Saison Capital, the corporate venture division of Japan’s Credit Saison, has teamed up with BRI Ventures and Coinvestasi to launch Tokenize Indonesia, an accelerator program for blockchain and asset tokenization startups.

The initiative aims to help Real-World Asset (RWA) startups launch their solutions in the Indonesian market.

It will run from April to August 2025 in Jakarta.

Selected startups will conduct Proof of Concepts (POCs) with companies such as Bank Rakyat Indonesia (BRI) and Telkom Indonesia.

The accelerator will culminate with a showcase of the startups at Coinfest Asia, a crypto festival set to take place on August 21-22 in Bali.

> Saison Capital, BRI Ventures, and Coinvestasi have joined forces to launch Tokenize Indonesia, an accelerator program for blockchain and asset tokenization startups. The initiative aims to assist Real-World Asset (RWA) startups in implementing their solutions in the Indonesian market.

The program will take place from April to August 2025 in Jakarta.

During this period, selected startups will engage in Proof of Concepts (POCs) with companies like Bank Rakyat Indonesia (BRI) and Telkom Indonesia.

The accelerator will culminate with a showcase of the startups at Coinfest Asia, a crypto festival scheduled for August 21-22 in Bali.

Tokenize Indonesia seeks to facilitate the integration of blockchain technology and Web3 solutions into the Indonesian financial services sector.

This initiative is part of a broader effort to expand the use of new financial technologies in Southeast Asia.

Earlier this year, Moody’s Investor Network codeveloped an accelerator program focused on climate fintech startups in the region.

Meanwhile, institutions such as SEEDS and Startupbootcamp have been running accelerator programs in Vietnam since 2022.

1️⃣ Indonesia’s strategic timing aligns with global RWA growth trends

Indonesia’s blockchain acceleration comes at a critical moment when real-world asset tokenization is rapidly expanding.

The global RWA tokenization market is poised to reach $30.1 trillion by 2034, with the current market estimated at $3 billion by the end of 2024.1

This growth trajectory positions Indonesia strategically.

The country is poised for significant changeover as it transitions cryptocurrency regulation from the Commodity Futures Trading Supervisory Body (Bappebti) to the Financial Services Authority (OJK) in 2025.

This shift will introduce a more comprehensive oversight framework.

This approach aligns with regulatory developments in countries like Switzerland and Singapore, which have established clear guidelines for tokenization, balancing consumer protection with fostering innovation.

2️⃣ Indonesia’s demographic advantages create unique adoption potential

Indonesia’s young and tech-savvy population creates fertile ground for blockchain innovation in a way that differs from Western markets.

Data shows that over 50% of Indonesia’s crypto investors are Millennials and Gen Z, forming a digitally native user base.

This demographic advantage is further amplified by Indonesia’s large unbanked population.

Statistics highlight that approximately 48% of adults in Indonesia lack banking access, yet an impressive 90% of unbanked adults own mobile phones, setting the stage for an explosion in new financial technologies.

This factor contributes to Indonesia’s booming crypto adoption, which has seen a nearly triple increase, launching from 9.9 million users in 2021 to 28.52 million users in 2024, propelling it to third place in global crypto adoption rankings.

This remarkable growth is a testament to Indonesia’s rapid integration of new financial technologies.

The development of Sharia-compliant blockchain solutions, leading to regulatory approvals for tokens like Islamic Coin (ISLM), showcases how Indonesia is creating localized approaches that align with cultural values.

3️⃣ Trading behavior reveals Indonesia’s evolving crypto maturity

Transaction patterns provide a glimpse into the increasing sophistication of Indonesia’s crypto market.

Analysis of the transaction value received by local exchanges in 2024 shows that 43% falls within the mid-sized transfer bracket of $10,000 to $1 million.

This volume of professional trading activity at mid-sized value tiers is a strong indicator of the potential for institutional interest and involvement in the coming months.

The integration of educational initiatives by local exchanges like Indopay and government bodies like Bappepti is crucial for investors to understand complex products like tokenized real-world assets.