ICEX Officially Launched, Building Crypto Exchange Infrastructure with Rp 1 Trillion Capital
REPUBLIKA.CO.ID, JAKARTA – The Indonesia Crypto Exchange (ICEX) has been officially launched as part of efforts to strengthen the national digital asset ecosystem. The presence of ICEX is expected to serve as a new foundation for the development of a more integrated and institutionally standardised Indonesian crypto market.
ICEX Group CEO Kai Pang stated that ICEX is designed as a three-tier crypto infrastructure combining an exchange, clearing institution, and custodian within a single ecosystem. According to him, this step demonstrates that Indonesia is beginning to build crypto infrastructure with a more mature and globally oriented approach.
“Today, the Indonesia Crypto Exchange is launched as a three-tier crypto infrastructure with institutional standards, firmly rooted in Indonesia yet with a global mission,” said Kai Pang during the ICEX Group launch on Thursday (2/4/2026).
He added that ICEX is not merely a domestic achievement but also a signal that Indonesia is capable of building its own competitive international crypto ecosystem.
ICEX Group has obtained licences from the Financial Services Authority (OJK) for its three main entities within the ecosystem. These entities are ICEX as the crypto exchange, Crypto Asset Clearing International (CACI) as the clearing institution, and International Crypto Custodian (ICC) as the crypto asset custodian.
Kai Pang also revealed that ICEX Group has just signed a memorandum of understanding with one of the world’s largest crypto exchanges in South Korea to explore cooperation in developing institutional crypto markets.
“This cooperation is one of the initial steps to promote Indonesia’s development as a crypto hub for institutional investors,” he said.
Within this ecosystem, ICEX also involves 11 crypto asset traders (PAKD) who serve as exchange members and shareholders.
Meanwhile, ICEX Group CFO Rizky Indraprasto explained that ICEX has a base capital of Rp 1 trillion sourced from shareholders, including exchange members.
According to him, the company targets becoming Indonesia’s largest crypto exchange and clearing institution based on market share.
“We aim to be an agent of innovation in the development of crypto products in Indonesia, while maintaining good corporate governance and industry integrity,” said Rizky.
From a technological perspective, ICEX Group CTO Andrew Marchen emphasised that the infrastructure built by ICEX is designed with institutional standards, focusing on scalability, stability, and system security.
Additionally, the company implements a security-first culture, including secure private key management, regular security testing, and strengthening team readiness to face potential cyber attacks.
ICEX Group itself has officially operated as a licensed Self-Regulatory Organisation (SRO) by OJK since 5 January 2026 and is expected to strengthen the domestic digital asset ecosystem.