Indonesian digital assets and securities Mobee has launched its newly registered digital asset exchange in Indonesia.

The firm has also closed its funding round led by leading fintech fund 1982 Ventures and strategic Indonesian family offices and individuals.

The funds will be used to expand operations, launch new products, and hire more veterans from the financial services and digital asset industry, Mobee said in a statement on Thursday.

According to the statement, the exchange is the first to focus on qualified investors, family offices, and institutional-grade clients.

The platform offers a range of financial products for investors seeking passive income as well as more sophisticated wealth management products designed for more active investors.

“We are thrilled to launch this new exchange platform, which will allow Indonesian investors to effortlessly access a wide range of institutional-grade investment products in digital assets and securities” said its Co-Founder and Chief Executive Officer Andrew Tjahyadikarta.

“Our focus is to bring key players and businesses in Indonesia on-chain and provide them the level of service, trust, and security they are accustomed to as they begin to allocate more capital to digital assets,” he added.

Mobee is a firm that partners with qualified investors, family offices, and institutional clients seeking digital asset adoption and wealth creation.

The firm was founded in 2022 in Indonesia by Andrew Tjahyadikarta, a known visionary entrepreneur, and Jeff Pradana, an experienced banking and trading executive.

Andrew began his career in JP Morgan as a research analyst and then soon after he co-founded and became Chief Executive Officer of Kaja Group, a leading ultra-luxury hospitality and lifestyle entertainment group in Southeast Asia.

Jeff has over 15 years of senior-level trading experience working for global banks and securities firms, such as Lehman Brothers and Barclays Capital.

Mobee has recently obtained its license from BAPPEBTI, Indonesia’s regulatory body for trading digital assets.

According to the regulator, the Indonesia cryptocurrency market surged 50 percent in 2022 reaching nearly 17 million registered cryptocurrency users.

There is significant room for growth as more qualified and institutional-grade investors enter the market.

Mobee projects Indonesian crypto annual trading volume to reach over $100 billion by the end of 2024.

“Indonesia is set to become one of the main crypto hubs globally. The framework the regulators have created have provided the confidence for investors to increase their exposure to digital assets,

“We are currently working with major partners to help provide reliable wealth management products and services to facilitate further adoption in our country,” said Jeff Pradana, Co-Founder and Chief Investment Officer of Mobee.

According to the statement, Mobee has established relationships with leading companies in the digital assets industry.

Along with its team of crypto natives and TradFi experts, Mobee is providing products that meet the highest standards in governance, risk management, compliance and service execution.

“Mobee fills a massive gap in one of the fastest growing segments in financial services in Indonesia,” said Herston Powers, Founding Managing Partner of 1982 Ventures.

“There are plenty of service providers for the younger and smaller retail segment,

“Mobee is the only Indonesian licensed crypto exchange with the platform to serve the largest and most active investors with institutional-grade products,” he added.

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