Saison Capital, BRI Ventures, and Coinvestasi Launch Tokenize Indonesia to Boost RWA Start-ups

Saison Capital, BRI Ventures, and Coinvestasi have launched Tokenize Indonesia, an accelerator program designed to propel Real-World Asset (RWA) start-ups into the blockchain and tokenization spotlight. Announced at ONCHAIN 2025 in Bangkok, this initiative aims to capitalize on the projected US$88 billion market potential for asset tokenization in Indonesia by 2030. The program will run from April to August 2025, culminating in a showcase at Coinfest Asia in Bali.

• Tokenize Indonesia supports RWA start-ups in blockchain and tokenization.
• The program runs from April to August 2025, ending at Coinfest Asia in Bali.
• Announced at ONCHAIN 2025, highlighting Indonesia’s US$88 billion market potential for asset tokenization by 2030.

Imagine you’re walking down the bustling streets of Jakarta, but instead of cash, you’re using digital tokens to buy your morning coffee. This vision could soon become a reality thanks to Tokenize Indonesia, a new accelerator program that’s set to transform the financial landscape. The term ‘Real-World Asset (RWA)’ refers to tangible assets like real estate, commodities, or art, which are converted into digital tokens on a blockchain, making them easier to buy, sell, and trade. This process is called tokenization.

Indonesia’s tech-savvy demographic, growing middle class, and expanding fintech sector provide a fertile ground for blockchain innovation. Tokenize Indonesia seeks to capitalize on this, targeting the US$88 billion market potential for asset tokenization by 2030, as projected by the “Project Wira” report. This ambitious program isn’t just about numbers; it’s about transforming financial systems and fostering a culture of innovation.

At the heart of this initiative are the key players driving this change. Saison Capital, an early-stage venture capital fund focused on emerging markets, web3, fintech, and commerce, sees blockchain technology as the cornerstone of inclusive finance. Qin En Looi, Partner at Saison Capital, stated:

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.

BRI Ventures, the corporate venture capital arm of Bank Rakyat Indonesia, is equally committed to this vision. Markus Liman Rahardja, Chief Investment Officer at BRI Ventures, emphasized their role:

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.

Coinvestasi, Indonesia’s leading Web3 and crypto media platform, adds a vital layer of connectivity and community engagement to the mix. Steven Suhadi, Founder of Coinvestasi, highlighted Indonesia’s position on the global stage:

With over 20 million crypto users, Indonesia now ranks third globally in web3 adoption—clear evidence of a thriving ecosystem.

The program’s credibility is further bolstered by the involvement of leading corporations like Bank Rakyat Indonesia and Telkom Indonesia, who will participate in the Proof of Concepts (POCs) for shortlisted start-ups. These POCs are practical demonstrations of how the start-ups’ technologies work in real-world settings, adding a layer of practical application to the program.

While the optimism surrounding Tokenize Indonesia is palpable, it’s crucial to keep a realistic perspective. The blockchain and tokenization sectors are rife with challenges, from regulatory hurdles to market volatility. Yet, the potential for financial inclusion and innovation remains undeniable, and initiatives like Tokenize Indonesia are pivotal in navigating these complexities.

The launch at ONCHAIN 2025, attended by over 500 people, underscores the global interest and collaboration in the RWA sector. This international context highlights the program’s significance on the world stage, but it also raises questions about how local initiatives can maintain their edge amidst global competition.

With 7% of Indonesia’s population owning digital assets—a figure surpassing the 6.4 million stock investors on the Indonesia Stock Exchange—the country is clearly on the cusp of a blockchain revolution. However, this high ownership also indicates a need for robust education and security measures to protect investors from the darker sides of the crypto world, like scams and fraud.

Tokenize Indonesia represents a beacon of hope and a call to action. It’s an opportunity to not only drive the adoption of blockchain technology but also to address the challenges head-on, ensuring that the benefits of this financial revolution are accessible to all. It aligns with the values of decentralization and privacy, empowering individuals and reducing reliance on centralized financial systems. This program also exemplifies “effective accelerationism” by pushing the boundaries of what’s possible with blockchain technology, fostering rapid innovation and adoption.

While Tokenize Indonesia focuses on tokenization, it recognizes Bitcoin’s foundational role in the blockchain ecosystem, supporting the stability and credibility of broader blockchain applications. Bitcoin maximalists might argue that Bitcoin itself should be the primary focus of financial innovation, but Tokenize Indonesia demonstrates how diverse blockchain applications can coexist and complement each other.

Key Takeaways and Questions

• What is Tokenize Indonesia?

  Tokenize Indonesia is an accelerator program aimed at supporting Real-World Asset (RWA) start-ups in the blockchain and tokenization space, backed by Saison Capital, BRI Ventures, and Coinvestasi.

• When and where will Tokenize Indonesia run?

  The program will run from April to August 2025, with shortlisted start-ups showcased at Coinfest Asia in Bali on August 21-22, 2025.

• What is the market potential for asset tokenization in Indonesia according to Project Wira?

  Project Wira estimates a US$88 billion market potential for asset tokenization in Indonesia by 2030.

• What are the key factors contributing to Indonesia’s blockchain ecosystem?

  Key factors include a tech-savvy demographic, an expanding middle class, a growing fintech sector, and increasing adoption of digital payment infrastructure.

• How does Saison Capital view blockchain technology’s role in finance?

  Saison Capital believes blockchain technology is foundational in shaping the future of inclusive finance, transforming existing financial systems, and creating more equity for all.

• What is the role of BRI Ventures in Indonesia’s financial landscape?

  BRI Ventures, as the venture arm of Bank Rakyat Indonesia, is committed to driving innovation and financial inclusion through investments in transformative technologies.

• How does Coinvestasi contribute to the Web3 ecosystem in Indonesia?

  Coinvestasi connects global projects with local audiences, drives Web3 adoption, and fosters dialogue and partnerships within the ecosystem.

• What does the high ownership of digital assets in Indonesia indicate?

  With 7% of the population owning digital assets, it indicates a high level of interest and potential for greater adoption of blockchain technology in Indonesia, surpassing the number of stock investors on the Indonesia Stock Exchange.

• What are the potential risks and challenges for Tokenize Indonesia?

  The program faces regulatory hurdles, market volatility, and the threat of scams and fraud in the crypto world. Tokenize Indonesia aims to address these challenges through education and robust security measures.

• How does Tokenize Indonesia align with Bitcoin maximalist viewpoints?

  While focusing on tokenization, Tokenize Indonesia recognizes Bitcoin’s foundational role in the blockchain ecosystem, supporting the stability and credibility of broader blockchain applications.

• What role does decentralization and privacy play in Tokenize Indonesia?

  The program aligns with values of decentralization and privacy by empowering individuals and reducing reliance on centralized financial systems.

• How does Tokenize Indonesia exemplify effective accelerationism?

  By pushing the boundaries of blockchain technology, Tokenize Indonesia fosters rapid innovation and adoption, embodying the principles of effective accelerationism.