Saison Capital, BRI Ventures and Coinvestasi recently joined forces to establish Tokenize Indonesia. This is an accelerator program focused on promoting the development of real-world asset (RWA) startups and projects within the burgeoning tokenization ecosystem on blockchain. The program aims to identify and support promising startups, offering them opportunities to develop proof-of-concepts (POCs) with major Indonesian corporations. Tokenize Indonesia will take place from April to August 2025, with the program concluding in a showcase during Coinfest Asia in Bali.

Indonesia can build on Indonesia’s fast-growing blockchain ecosystem. For shortlisted startups, the program presents a unique opportunity to network and collaborate with some of the industry’s leading forces. They’ll be collaborating with Bank Rakyat Indonesia (BRI) and Telkom Indonesia to design and test these POCs. The 12-week accelerator will come to a finale during Coinfest Asia, taking place August 21-22, 2025, in Bali.

So, this policy arena is relatively new to Indonesia. This positive impetus follows the publication of Project Wira, a proof-of-concept report produced by BRI Ventures, Saison Capital, D3 Labs and Tiger Research, demonstrating how blockchain could revolutionize Indonesia’s financial ecosystem. Importantly, Project Wira estimates that asset tokenization in Indonesia alone has a market potential of $88 billion by 2030.

Indonesia is a dynamic ecosystem, making the country an ideal breeding ground for blockchain and tokenization projects. The nation has long taken great pride in its tech-savvy population. It is benefiting from an increasing middle class, a flourishing fintech scene and rapid uptake of digital payment technology. Indonesia ranks third in the world for Web 3.0 adoption. Likewise, with more than 20 million crypto users, digital asset ownership has already surpassed stock market participation.

"At Saison Capital, we believe that blockchain technology and its widespread benefits are foundational in shaping the future of inclusive finance, transforming existing financial systems and creating more equity for all." - Qin En Looi, partner at Saison Capital

"It is crucial that we rally key partners to drive greater support for founders to solve existing challenges faced by corporations and are glad to have found like-minded partners such as BRI Ventures and Coinvestasi." - Qin En Looi, partner at Saison Capital

Through BRI Ventures, we are dedicated to continue to search for and invest in technologies that will define the future of finance in Indonesia. As the largest online crowdfunding platform in Indonesia—with more than four million users each month—Coinvestasi is well positioned to increase the program’s effectiveness.

"As the venture arm of one of Indonesia’s leading financial groups, BRI Ventures is committed to continuously exploring and investing in transformative technologies that will shape the future of finance in Indonesia." - Markus Liman Rahardja, chief investment officer at BRI Ventures

Indonesia set a highwater mark with their declaration at ONCHAIN 2025. We are already looking forward to this annual conference which is organized by Saison Capital, D3 Labs, Helix and Emurgo.