Bappenas: Indonesia Has Strong Foundation to Develop Tokenisation Ecosystem

Jakarta (ANTARA) - Minister of National Development Planning/Head of the National Development Planning Agency (PPN/Bappenas) Rachmat Pambudy stated that Indonesia has strong foundations to develop a tokenisation ecosystem.

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

He emphasised the importance of developing real world asset (RWA) tokenisation 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 per cent by 2029, he said, the digital economy plays a strategic role through the use of blockchain technology and real world asset tokenisation.

Through tokenisation, real assets such as property, commodities, gold, securities, and infrastructure assets can be represented in the form of digital tokens, making them tradeable more efficiently, improving asset liquidity, and broadening public access to investment.

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

Nevertheless, Rachmat Pambudy stressed that the development of RWA tokenisation must be accompanied by comprehensive governance. A number of challenges still need to be addressed, ranging from strengthening the governance of underlying assets, the readiness of digital infrastructure and ecosystems, consumer protection, to regulatory harmonisation and cross-authority coordination, so that strengthening is needed for this innovation to develop in a safe, trusted, and sustainable manner.

He explained that the government is promoting RWA tokenisation through three main policy directions, namely expanding the implementation of use cases across various strategic sectors, strengthening the regulatory and governance framework, and deepening collaboration between the government, regulators, industry, academics, and associations in building a national tokenisation ecosystem.

“We hope that today we can produce even more concrete solutions. Most importantly, this technology will eventually help low-income groups, including farmers, fishermen, and livestock breeders, as well as Indonesians who have so far been unreached by both the global economic system and our national economy,” said the Minister of National Development Planning.

On the same occasion, Deputy for Economy and Digital Transformation at the Ministry of National Development Planning/Bappenas, Vivi Yulaswati, said her office has been conducting various studies and discussions with regulators, businesses, associations, academics, and development partners to map the potential of tokenisation in a number of priority sectors, including financial services, agriculture, tourism, the creative economy, and other productive sectors.

“Indonesia already has initial groundwork through various regulatory sandbox initiatives, but the implementation of tokenisation still requires stronger governance, regulatory harmonisation, and ecosystem readiness in order to develop optimally,” said Vivi.