Crypto industry needs a more inclusive ecosystem strengthening
Jakarta (ANTARA) - Domestic blockchain and crypto asset industry players have stated the need to strengthen the ecosystem in order to create broader and more inclusive economic value.
Indodax CEO William Sutanto said Indonesia’s blockchain and crypto asset industry is entering a new phase amid a stronger regulatory framework and the expanding use of blockchain technology across various sectors through real world asset (RWA) tokenisation, intellectual property tokenisation, and digital infrastructure development.
“This development marks an industry framework that no longer focuses solely on crypto asset trading, but also on strengthening the ecosystem to create broader and more inclusive economic value,” he said in a statement in Jakarta on Saturday.
According to him, the transition of crypto asset supervision to the Financial Services Authority (OJK) has gone relatively well through a soft landing approach. The next phase, he said, should be directed at strengthening the ecosystem, especially through broader integration with other financial services institutions and regulations that still provide room for innovation.
“The most important thing is how stronger regulatory certainty can become a foundation for the industry to become a space for innovation and broader integration with the financial ecosystem while maintaining consumer protection,” William said.
In addition, he added, the regulatory framework needs to continue to be based on room for innovation, access to broader markets, and consumer protection.
Given the rapidly developing crypto industry, he said the ability to accommodate innovation is important so that domestic players can grow and compete at the global level.
“The crypto industry is developing very quickly. Therefore, what needs to be continuously sought is a balance so that innovation still has room to develop, while consumer protection remains a priority,” he said.
On the market side, he continued at “Indonesia Blockchain Week 2026”, the growing number of licensed exchanges or crypto asset trading companies is a positive development because it provides choices for consumers.
However, amid a global decline in crypto trading volume, he reminded that market volume must move in balance with the growth in the number of players to mitigate consolidation risks in the national crypto industry.
On that occasion, William explained that amid the strengthening of the crypto industry, the use of blockchain technology is also beginning to expand into broader economic needs, one of which is asset tokenisation as an alternative for development financing.
These various opportunities show that blockchain development is beginning to move from infrastructure development towards more concrete utilisation.
“As the application of this technology becomes increasingly widespread, innovation development also needs to go hand in hand with adaptive regulation, strong compliance, and governance capable of supporting sustainable ecosystem growth,” he said.
According to him, this is an opportunity for the digital asset industry to move up a class, from merely a growing market to an ecosystem capable of creating broader benefits for society and the Indonesian economy.