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 identify and support startups focused on Real-World Asset (RWA) tokenization in the blockchain space. This initiative aims to foster innovation and adoption of tokenized assets in Indonesia, building on the findings from the November 2024 report “Project Wira – Indonesia’s Asset Tokenization Opportunity,” which estimated a US$88 billion market potential for asset tokenization in the country.

The Tokenize Indonesia program will run from April to August 2025. Shortlisted startups will have the opportunity to run Proof Of Concepts (POCs) 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 led by Saison Capital, D3 Labs, Helix, and Emurgo. The event brought together leading investors, founders, and industry leaders in the RWA sector from both traditional finance and fintech. This year, over 500 attendees participated in the event held in Bangkok.

Qin En Looi, Partner at Saison Capital, emphasized the importance of blockchain technology in shaping the future of inclusive finance. Despite current market volatility, Saison Capital remains committed to investing in blockchain startups that address 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, highlighted the venture arm's commitment to exploring and investing in transformative technologies. BRI Ventures aims to foster collaboration between established financial institutions and innovative technology partners to catalyze sustainable growth, drive financial inclusion, and accelerate the adoption of digital assets across Indonesia.

Steven Suhadi, Founder of Coinvestasi, noted Indonesia's rapid growth in web3 adoption, with over 20 million crypto users ranking the country third globally. The thriving ecosystem, supported by developer talent, institutional engagement, and regulatory clarity, lays a strong foundation for long-term progress. Coinvestasi's role is to connect the ecosystem, fostering dialogue, sharing insights, and enabling partnerships that drive the industry forward.

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

Project Wira, developed by BRI Ventures, Saison Capital, D3 Labs, and Tiger Research, highlights blockchain’s potential to transform Indonesia’s financial ecosystem. With 7% of Indonesia’s population owning digital assets, far surpassing the 6.4 million stock investors on the Indonesia Stock Exchange (IDX), there is significant potential for greater adoption. Innovations are already emerging in areas such as digital money, commodities, bonds, carbon credits, and real estate. The report estimates that demand for asset tokenization in Indonesia could reach US$88 billion by 2030.

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