After a Year of Growth, Digital Asset Platform Records 1.8 Million Registered Users
Indonesia’s digital asset industry is entering a more mature phase of development. After years driven by retail user growth and increasing public awareness, the industry is moving towards a new chapter marked by rising institutional participation, a strengthening regulatory framework, and innovations connecting blockchain technology with the broader financial system.
Amid this transformation, FLOQ celebrated its first anniversary with an event titled The Genesis, a moment that not only reflected on the company’s achievements during its first year but also marked the beginning of the next growth phase for the company and Indonesia’s digital asset ecosystem.
In less than a year since its launch, FLOQ has served more than 1.8 million registered users, secured US$11.3 million in strategic funding, and expanded collaborations with various global and institutional partners.
“The first year was a proving phase. Proving that we could build a platform trusted by millions of users. Proving that growth can be achieved without sacrificing governance, compliance, and trust. But more importantly, the first year provided the foundation for what we want to build going forward,” said FLOQ Founder & CEO Yudhono Rawis, quoted on Friday (26/6).
According to Yudhono, one of the biggest changes occurring in the digital asset industry today is the shift in focus from mere adoption towards integration. A few years ago, industry conversations still centred on education and how to introduce digital assets to the public.
“The question is no longer whether digital assets will be part of the future. The question is how we build institutions, infrastructure, and an ecosystem capable of supporting that future responsibly,” he continued.
As an industry player also active in various ecosystem development forums, FLOQ sees that future industry growth will increasingly be determined by the ability of all stakeholders to build trust, drive innovation, and create sustainable collaboration.
As part of its next growth phase, FLOQ introduced a number of strategic collaborations reflecting the direction of the global digital asset industry. One is a collaboration with Ripple to introduce Ripple USD (RLUSD), an enterprise-grade stablecoin developed by Ripple, into the Indonesian digital asset ecosystem.
The presence of RLUSD reflects the growing importance of stablecoins as digital financial infrastructure bridging the efficiency of blockchain technology with real-world needs, including cross-border payments, liquidity management, and access to US dollar-based assets.
FLOQ is also promoting collaboration with Ondo Finance, which represents one of the most significant trends in the industry today: the tokenisation of real-world assets. This development opens opportunities for broader access to financial instruments previously available only to certain segments.
Throughout its first year, FLOQ strengthened collaborations with various ecosystem partners including Ripple, Ondo Finance, E-Cloud Valley, Verihubs, and Adjust, supporting real-world asset tokenisation, cloud infrastructure, digital identity, security, analytics, and platform scalability.
“Collaboration is not just about presenting logos at an event. Collaboration is about how various parties with different expertise can work together to create greater value for users and the industry,” said Yudhono.
The Genesis theme was chosen not to celebrate the end of a journey, but to mark a beginning.
If the first year was a phase of building foundations and gaining user trust, then the next chapter is about how that foundation is used to create a greater impact for society, the industry, and the future of Indonesia’s digital economy.
“Ultimately, we do not just want to build a bigger company. We want to help build a stronger ecosystem. The Genesis is not a celebration of what we have achieved. It is the beginning of what we are building,” he concluded.
Going forward, FLOQ will continue to focus on product development, expanding strategic collaborations, enhancing user experience, and contributing to the growth of a more mature, inclusive, and sustainable industry.