OJK Receives 343 Consultations from Prospective Regulatory Sandbox Participants
Jakarta (ANTARA) - The Financial Services Authority (OJK) has reported receiving 343 consultation requests from prospective regulatory sandbox participants since the issuance of its rules up to 31 July 2026.
Adi Budiarso, Executive Head of Supervision for Financial Sector Technological Innovation, Digital Financial Assets, and Crypto Assets at OJK, said at a press conference on the results of OJK’s Monthly Board of Commissioners Meeting (RDKB) in Jakarta on Tuesday that the consultations were conducted by prospective participants seeking information and understanding of the process and requirements for joining OJK’s regulatory sandbox.
In addition to receiving consultation requests, OJK has received 35 applications to become regulatory sandbox participants. Two participants are currently undergoing the testing process.
“There are currently two sandbox participants, consisting of one operator with a digital financial asset and crypto asset business model, and one market supporter that is undergoing the testing process,” Adi said.
Business models that have passed include gold tokenisation, securities tokenisation under a Fund Management Contract (KPD) scheme, tokenisation of property ownership benefits, the issuance of a rupiah stablecoin, and Non-Trading Digital Financial Asset Custody.
Subsequently, OJK declared one business model as having passed the regulatory sandbox, namely PT Dana Kripto Indonesia (PT DKI) with its Crypto Fund Manager business model on 17 July 2026.
Furthermore, Adi stated that the authority is evaluating five applications to become regulatory sandbox participants, comprising two Digital Financial Asset business models including Crypto Assets, and three market supporter business models.
“OJK is also conducting an evaluation process on five applications to become sandbox participants, consisting of two Digital Financial Asset-Crypto Asset business models and three market supporter business models,” he added.