Tokenize Indonesia Launched to Drive $88 Billion Asset Tokenization Market

Saison Capital, BRI Ventures, and Coinvestasi have launched Tokenize Indonesia, a new accelerator program designed to support startups in the blockchain and tokenization space, with a focus on real-world assets (RWA). The 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 an $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 the shortlisted startups being showcased at Asia’s largest crypto festival, Coinfest Asia, on August 21-22, 2025, 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 leaders in the RWA industry from both traditional finance and fintech sectors. This year, over 500 people attended the event 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 solve real-world finance problems. Looi highlighted the significance of rallying key partners to support founders in addressing 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 that will shape the future of finance in Indonesia. BRI Ventures aims to foster collaboration between established financial institutions and innovative technology partners to drive sustainable growth, financial inclusion, and the adoption of digital assets.

Steven Suhadi, founder of Coinvestasi, noted the rapid growth of Indonesia’s Web 3.0 adoption, with over 20 million crypto users ranking the country third globally. This thriving ecosystem, supported by a tech-savvy demographic, an expanding middle class, and increasing adoption of digital payment infrastructure, provides a strong foundation for blockchain-based innovations to emerge and scale.

Indonesia’s blockchain and tokenization ecosystem is evolving rapidly, with innovations already sprouting up 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 $88 billion by 2030, highlighting the immense opportunity for RWA startups. For those interested in capturing this opportunity, applications for Tokenize Indonesia are now open.

Saison Capital is an early-stage venture capital fund focused on emerging markets, backing ambitious founders in Web 3.0, fintech, and commerce. Operating from the Asia Pacific region, Saison Capital leverages Credit Saison’s extensive financial services background and resources across key markets.

BRI Ventures, the corporate venture capital arm of Bank Rakyat Indonesia, invests in early to growth-stage startups reshaping the future of financial services, MSME empowerment, and the digital economy. Backed by BRI’s deep expertise in financial services and extensive reach, BRI Ventures provides not just capital but also strategic support, market access, and collaborative opportunities to help visionary founders scale their impact.

Coinvestasi is Indonesia’s top Web 3.0 and crypto media platform, reaching over four million users monthly. As part of Indonesia Crypto Network, Coinvestasi connects global projects with local audiences and drives Web 3.0 adoption across the ecosystem.