{
    "success": true,
    "data": {
        "id": 1758707,
        "msgid": "ojk-to-tokenise-real-world-assets-introduce-halal-crypto-in-indonesia-1779537365",
        "date": "2026-05-22 21:35:05",
        "title": "OJK to Tokenise Real-World Assets, Introduce 'Halal' Crypto in Indonesia",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Indonesian financial regulator OJK is developing a Real World Asset (RWA) tokenisation model to enable trading of crypto backed by tangible assets in Indonesia, potentially aligning with MUI's fatwa on halal finance and promoting Islamic financial inclusion. The initiative includes public discussion on using tokenised assets to boost liquidity for businesses, subject to sharia-compliant considerations and ongoing regulatory approvals.",
        "content": "<p>OJK is developing a business model based on tokenisation of Real\nWorld Assets (RWA) to be implemented in Indonesia. If this scheme\nproceeds, the public could trade crypto assets that have an underlying\nreal-world asset in Indonesia\u2019s market. The product is said to be in\nline with the Fatwa of the Indonesian Ulema Council (MUI), potentially\nencouraging financial inclusion in Islamic finance in Indonesia. Djoko\nKurnijanto, Head of the Department of Regulation and Licensing for\nFinancial Technology Innovation, Digital Financial Assets, and Crypto\nAssets at the Financial Services Authority (OJK), said the authorities\nwant to combine high crypto adoption with the development of\ntokenisation of Real World Assets (RWA). \u201cWhen this approval is granted,\nthe hope is that issuers of Real World Asset tokens will also be bought\nby people present here. That means what is purchased is not a coin whose\nprovenance or underlying asset we do not know,\u201d Djoko said during an\nEducational Class (Educlass) at the Jogja Financial Festival in\nYogyakarta, on Friday, 22 May 2026. In a discussion titled New Wealth\nEra: Market, Algorithm, and Money held at Jogja Expo Centre (JEC),\nBantul, Yogyakarta, Djoko explained that Real World Asset tokenisation\ninvolves the issuance of tokens that have real underlying assets. The\nunderlying assets could include gold, projects, property, securities, or\nintellectual property that are tokenised. He gave an example of a\ncompany owning a gold mine in Indonesia that could not only sell gold\nconventionally but could also tokenise the asset. The token could then\nbe sold in the primary market to raise funds before being traded on the\nsecondary market. \u201cThat is what would ultimately bring benefits to\nIndonesian businesses. They could obtain additional liquidity. If they\nhave gold but cannot do anything with it, they can now tokenize, and\nwith tokenisation they obtain inflows,\u201d Djoko explained. Djoko added\nthat asset tokenisation is also connected to shariah aspects. He\nreferred to a fatwa by the Indonesian Ulema Council (MUI) stating that\ncrypto assets should not be used as a means of payment in Indonesia,\nbecause the legitimate means of payment is the rupiah. In addition,\ncrypto assets traded without a clear underlying asset are deemed not\npermissible. However, tokens with underlying real assets through a\ntokenisation scheme are considered tradable and open up opportunities\nfor shariah-based instruments. In the same event, Adi Budiarso, Head of\nthe Supervisory Authority for Financial Sector Innovation, Digital\nFinancial Assets and Crypto Assets (IAKD) at OJK, revealed that the\nnumber of Indonesians transacting crypto assets has surpassed 21 million\naccounts, with the majority from younger age groups. The strong\nenthusiasm among the public indicates Indonesia\u2019s digital economy is\nevolving rapidly. \u201cIf we look at assets that can be traded from 2023 to\n2026, they are not decreasing but increasing. From 501 now to around\n1,464 assets,\u201d he noted. He added that the high level of crypto trading\nis also starting to contribute to state revenue. Tax revenue from crypto\ntransactions has reportedly reached over Rp1.7 trillion.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-to-tokenise-real-world-assets-introduce-halal-crypto-in-indonesia-1779537365",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}