OJK Chief Speaks Out on Gold ETF, Three Interested Parties, Launch Imminent

Jakarta, CNBC Indonesia - The Financial Services Authority (OJK) will soon launch a gold-based Exchange Traded Fund (ETF) in Indonesia. The Executive Head of Capital Market Supervision, Financial Derivatives, and Carbon Exchange at OJK, Hasan Fawzi, stated that the gold ETF product is currently in the finalisation process.

“Regarding this plan for the gold ETF product, OJK is currently in the finalisation stage of preparations. This is progressing after the POJK related to this was officially issued some time ago,” he said during a virtual press conference on Monday (6/4/2026).

Hasan revealed that there are currently three prospective gold ETF issuers interested in participating. The three candidates are preparing parallel products and their trading infrastructure.

“We have received interest from three prospective issuers, each preparing parallel products and infrastructure. The preparation process for trading, custodians, and exchange mechanisms is underway,” he explained.

Hasan noted that the target launch for the gold ETF will be completed in the second quarter of this year. Although it is not far off, OJK ensures that the product adheres to prudent principles so that regulations and infrastructure can operate smoothly alongside investors’ understanding of the product.

“Our target is for the launch to occur in the second quarter of 2026, but we still uphold the principle of caution to ensure that regulations, infrastructure, and investor understanding are in place,” he said.

He emphasised that the trading of gold ETFs will adjust to global practices, including price transparency, liquidity, and consumer protection.

“However, there are several technical aspects being aligned, including tax treatment of the underlying gold and the ETF structure. This is to ensure it is efficient and structurally competitive,” he concluded.