Practitioner: Tokenisation to become new growth engine for crypto industry

The development of Real World Assets (RWA) or tokenisation is gaining increasing attention in the global crypto asset industry, driven by the growing adoption of blockchain technology by financial institutions. According to Aloysia Dian, Chief Marketing Officer of crypto asset trading firm Indodax, this trend is projected to become a key driver of growth for the digital asset ecosystem in the coming years. Citing the Citi Institute report titled ‘Tokenization 2030’, she noted that the value of tokenised assets worldwide is estimated to reach USD 5.5 trillion by 2030, with the current market valuation at approximately USD 17 billion. The development of asset tokenisation, Aloysia continued, represents one of the most exciting innovations in the blockchain industry, as it bridges traditional financial assets with digital technology, making them more accessible. ‘Asset tokenisation opens new opportunities for the public to gain exposure to various global assets through blockchain infrastructure,’ she said. This innovation, she added, is not merely about introducing new asset types, but also reflects how blockchain technology is beginning to be used to improve efficiency, transparency, and accessibility in the financial sector. According to her, tokenisation allows various assets, such as stocks, bonds, commodities, and alternative assets, to be represented in the form of digital tokens so they can be traded more efficiently with the support of blockchain technology. She mentioned that Indodax currently provides more than 20 Real World Assets (RWA) themed assets, including seven tokenised stocks representing the price movements of global companies such as Apple, Amazon, Alphabet (Google), NVIDIA, Tesla, Circle, and Coinbase. The presence of these products, she added, expands diversification options in the crypto market and opens access for investors to gain exposure to global economic sectors. Aloysia said that beyond the variety of tokenised real assets, this category has also shown growth in trading activity and investor numbers throughout the year, reflecting the public’s increasing interest in digital investment instruments based on real-world assets. She added that this development shows blockchain is no longer solely synonymous with crypto assets, but is beginning to serve as infrastructure supporting the digitalisation of various financial instruments. According to her, asset tokenisation as a form of blockchain industry evolution means the wider the use of this technology, the greater the opportunity to create a more inclusive, efficient, and transparent financial system. ‘Most importantly, all of these innovations still need to be supported by clear regulations, good governance, and continuous education so that their benefits can be optimally felt by the public,’ she said. The Financial Services Authority (OJK), through its 2026-2031 Roadmap for Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets (IAKD), has also positioned the development of asset tokenisation, stablecoin regulation, Over-The-Counter (OTC) transactions, and the strengthening of cybersecurity as a number of strategic initiatives to drive innovation and strengthen the national digital finance ecosystem.