In response, Saison Capital, BRI Ventures, and Coinvestasi have partnered to create Tokenize Indonesia. This new accelerator program will help empower real-world-problem-solving startups to lead the way in the blockchain and tokenization RWAs business. The ultimate goal of the program is to help find and develop the most promising startups from Indonesia’s fast-growing blockchain ecosystem. Tokenize Indonesia is now set to take place from April–August 2025.
The accelerator program welcomes selected startups with thrilling prospects. They’ll work closely with leading Indonesian companies such as Bank Rakyat Indonesia (BRI) and Telkom Indonesia to create each one’s proof-of-concept (POC). The educational and cultural program will culminate at Coinfest Asia in Bali on August 21-22, 2025. Throughout this event, these selected startups will pitch their groundbreaking innovations with Pride. Coinfest Asia is known as Asia’s biggest crypto festival.
Indonesia had just launched, building on the lessons learned during Project Wira. This report, created in collaboration with BRI Ventures, Saison Capital, D3 Labs, and Tiger Research, highlights the incredible ways that blockchain can change, improve, and diversify Indonesia’s financial ecosystem. Specifically, the report estimates that Indonesia’s asset tokenization market potential could grow to $88 billion by 2030. This projection highlights the vast demand and potential that exists in the Indonesian market for blockchain-based solutions.
Indonesia’s blockchain and tokenization ecosystem is surging. This rapid growth is propelled by a tech-savvy population, an expanding middle class, a thriving fintech sector, and the rapid adoption of digital payment infrastructure. The country ranks 3rd globally for Web 3.0 adoption, with more than 20 million crypto users within the country. Digital asset ownership is reaching new heights. Currently, less than 7% of the Indonesian population claimed to own digital assets, exceeding the number of 6.4 million stock investors in the Indonesia Stock Exchange (IDX).
Saison Capital believes in the positive potential of blockchain technology to help build a future of truly inclusive finance.
"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
Saison Capital is equally excited about leveraging collaboration to build a momentum of support for our founders.
"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
Coinvestasi Indonesia’s top Web 3.0 and crypto media platform It’s coverage extends to over four million unique users each month, representing a massively expanded reach and influencer potential of the Tokenize Indonesia program.
"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
Further, we were excited to witness Indonesia taking its first-ever debut announcement at ONCHAIN 2025. This dynamic annual conference is presented by Saison Capital, D3 Labs, Helix, and Emurgo. This marquee event attracted the biggest names and brightest innovators of the industry to showcase today’s most cutting-edge developments and leading advances in blockchain technology.
The announcement of Tokenize Indonesia was made at ONCHAIN 2025, an annual conference led by Saison Capital, D3 Labs, Helix, and Emurgo. This event brought together industry leaders and innovators to discuss the latest trends and developments in blockchain technology.
