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

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

The Tokenize Indonesia program will run from April to August 2025. Shortlisted start-ups 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 21 – 22 August 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 leading investors, founders, and industry leaders in the RWA sector from both traditional finance and fintech. The conference highlighted the growing interest and investment in blockchain technology and its potential to transform financial systems.

Qin En Looi, Partner at Saison Capital, emphasized the firm’s commitment to blockchain technology and its role in shaping the future of inclusive finance. Despite market volatility, Saison Capital remains active in investing in blockchain startups that address real-world finance problems. The partnership with BRI Ventures and Coinvestasi is seen as a crucial step in driving greater support for founders and solving existing challenges faced by corporations.

Markus Liman Rahardja, Chief Investment Officer at BRI Ventures, underscored 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, catalyzing sustainable growth and driving financial inclusion across Indonesia. The goal is to accelerate the adoption of digital assets and create a more equitable financial ecosystem.

Steven Suhadi, Founder of Coinvestasi, highlighted Indonesia’s thriving blockchain and tokenization ecosystem, with over 20 million crypto users and rapid growth in developer talent, institutional engagement, and regulatory clarity. Coinvestasi’s role is to connect the ecosystem, fostering dialogue, sharing insights, 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 contribute to a foundational environment for blockchain-based innovations to emerge and scale. The report “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 the population owning digital assets, far surpassing the number of stock investors on the Indonesia Stock Exchange, the demand for asset tokenization in Indonesia could reach US$88 billion by 2030.

Innovations in digital money, commodities, bonds, carbon credits, and real estate are already sprouting up, indicating a promising future for the tokenization of real-world assets in Indonesia. For RWA start-ups interested in capturing this opportunity, applications for Tokenize Indonesia are now open at https://tokenizeindonesia.com.