The news about DigiAsia Corp (FAAS) becoming a significant player in the cryptocurrency space through its partnership with Indodax and its $100 million Bitcoin treasury initiative came out on June 4, 202512. Here are the highlights:
- Partnership with Indodax: DigiAsia has partnered with Indodax, Indonesia's largest cryptocurrency exchange, to provide licensed fiat fund transfer services. This partnership allows Indodax's over 7 million users to deposit and withdraw Indonesian Rupiah (IDR) in real-time through DigiAsia's platform. This integration is a significant step as it operates under a license from Bank Indonesia, ensuring compliance with national regulations12.
- $100 Million Bitcoin Treasury Initiative: DigiAsia has announced a strategic initiative to establish a $100 million Bitcoin treasury. This initiative is a bold move into digital asset diversification and represents a significant investment in the cryptocurrency space. The company plans to deploy this treasury through a secure, yield-generating structure utilizing licensed digital asset custodians and financial institutions13.
These developments highlight DigiAsia's strategic moves to strengthen its position as a regulated fintech bridge between traditional finance and digital asset ecosystems, facilitating seamless transactions between fiat and cryptocurrency for exchanges, digital wallets, and decentralized platforms.