Indonesian Political, Business & Finance News

Bappenas: Indonesia Has Strong Capital to Develop Tokenisation Ecosystem

| | Source: BCASEKURITAS.CO.ID Translated from Indonesian | Economy
Bappenas: Indonesia Has Strong Capital to Develop Tokenisation Ecosystem
Image: BCASEKURITAS.CO.ID

Minister for National Development Planning and Head of the National Development Planning Agency (PPN/Bappenas) Rachmat Pambudy has stated that Indonesia possesses strong capital to develop a tokenisation ecosystem.

“The high internet penetration, the rapid growth of the digital economy, and the increasing adoption of digital financial services form the foundation for technology-based financing innovation,” he said at the Forum for Discussion and Solution: Real World Assets (RWA) Tokenisation for the Acceleration of the Digital Economy and Digital Transformation, according to an official statement in Jakarta on Wednesday.

He emphasised the importance of developing Real World Assets (RWA) tokenisation, or real assets, as a financing innovation to accelerate digital transformation and the digital economy, broaden investment access, and strengthen financing for productive sectors.

Given that digital transformation is one of the main levers of the national economy to achieve the growth target of 8 percent by 2029, he said, the digital economy plays a strategic role through the use of blockchain technology and real asset tokenisation.

Through tokenisation, real assets such as property, commodities, gold, securities, and infrastructure assets can be represented in the form of digital tokens so that they can be traded more efficiently, increase asset liquidity, and broaden public investment access.

“This tokenisation will truly change our economic order, but in the Indonesian way. Changing with our own thinking, and changing to bring us prosperity,” said the Head of Bappenas.

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