Tokenize Indonesia Launched to Boost US$88 Billion Asset Tokenization Market

Saison Capital, BRI Ventures, and Coinvestasi have jointly launched Tokenize Indonesia, a new accelerator program designed to support and foster the growth of Real-World Asset (RWA) startups in the blockchain and tokenization sector. This initiative aims to drive innovation and adoption of tokenized assets in Indonesia, leveraging the findings from the November 2024 report “Project Wira – Indonesia’s Asset Tokenization Opportunity,” which identified a potential market of US$88 billion for asset tokenization in the country.

The Tokenize Indonesia program will run from April to August 2025. During this period, shortlisted startups will have the opportunity to develop Proof of Concepts (POCs) in collaboration with leading corporations across Indonesia, including financial institutions like Bank Rakyat Indonesia (BRI) and telecommunication providers like Telkom Indonesia. The program will culminate in August with a showcase at Asia’s largest crypto festival, Coinfest Asia, scheduled for August 21-22 in Bali.

The launch of Tokenize Indonesia was announced at ONCHAIN 2025, an annual conference organized by Saison Capital, D3 Labs, Helix, and Emurgo. The event brought together over 500 industry leaders, investors, and founders from both traditional finance and fintech sectors, highlighting the growing interest and investment in the RWA industry.

Qin En Looi, Partner at Saison Capital, emphasized the firm’s commitment to blockchain technology and its potential to transform financial systems. Despite market volatility, Saison Capital remains an active investor in blockchain startups addressing real-world financial challenges. The partnership with BRI Ventures and Coinvestasi is seen as a crucial step in driving greater support for founders and solving existing corporate challenges.

Markus Liman Rahardja, Chief Investment Officer at BRI Ventures, underscored the venture arm’s mission to explore and invest in transformative technologies that will shape the future of finance in Indonesia. BRI Ventures aims to bridge the gap between established financial institutions and innovative technology partners, fostering sustainable growth and financial inclusion.

Steven Suhadi, Founder of Coinvestasi, highlighted Indonesia’s thriving blockchain ecosystem, with over 20 million crypto users and rapid growth in developer talent, institutional engagement, and regulatory clarity. Coinvestasi plays a pivotal role in connecting the ecosystem, fostering dialogue, and enabling partnerships that drive industry progress.

Indonesia’s blockchain and tokenization ecosystem is supported by a tech-savvy demographic, an expanding middle class, a growing fintech sector, and increasing adoption of digital payment infrastructure. These factors create a conducive environment for blockchain-based innovations to emerge and scale.

Project Wira, developed by BRI Ventures, Saison Capital, D3 Labs, and Tiger Research, underscores blockchain’s potential to transform Indonesia’s financial ecosystem. With 7% of the population owning digital assets, far surpassing the number of stock investors on the Indonesia Stock Exchange, the report estimates that demand for asset tokenization could reach US$88 billion by 2030. Innovations are already emerging in areas such as digital money, commodities, bonds, carbon credits, and real estate.

For RWA startups interested in capturing the immense opportunity in Indonesia, applications for Tokenize Indonesia are now open at https://tokenizeindonesia.com.