BTSE Group, a provider of blockchain asset trading and technology solutions, announced Friday the official launch of BTSE Indonesia, a regulated Indonesian digital and crypto assets exchange established through a joint venture between BTSE Group and PT Aset Kripto Internasional.
The launch follows the successful rebranding of NVX, one of Indonesia’s leading regulated digital asset platforms, BTSE said in a statement.
Under the joint venture structure, BTSE Group will provide the backbone of the trading platform supplying world-class trading infrastructure, deep liquidity, and robust technology to ensure a first class experience for users.
BTSE Indonesia will focus on user acquisition, marketing, key partnerships, and sales, bringing deep market knowledge and relationships to accelerate growth in the country.
BTSE Indonesia is licensed by the Indonesia Financial Services Authority (Otoritas Jasa Keuangan/OJK), allowing it to operate as a regulated Digital Financial Assets and Crypto Assets Trading Operator (Pedagang Aset Keuangan Digital – PAKD).
As one of the few approved entities authorized to facilitate crypto assets trading in Indonesia, BTSE Indonesia provides users with greater assurance through robust customer asset protection, compliance with anti-money laundering regulations, and transparent business operations.
The license allows BTSE Indonesia to collaborate with local Indonesian banks, payments gateway and offer regulated digital financial products, including Indonesian Rupiah (IDR) deposit, withdrawal, and conversion services, as well as IDR-denominated trading pairs, key capabilities for the country’s rapidly growing crypto user base.
It also enables BTSE Indonesia to expand its product portfolio, including the potential introduction of futures trading and other services, in accordance with regulations and guidelines established by Indonesian authorities.
“Indonesia has everything it takes to be Asia’s next major crypto hub; the population, the demand, and now the regulatory framework. What it needs now is the right combination of global infrastructure and local expertise. That’s exactly what this joint venture delivers,” said Jeff Mei, Chief Operating Officer of BTSE Group.
Meanwhile, Stephanie Kusnadi, Chief Strategy Officer of BTSE Indonesia, said the integration with BTSE marks a new chapter for digital assets in Indonesia.
“With our deep local expertise and the support of a global exchange powerhouse, BTSE Indonesia is uniquely positioned to deliver a trading platform that is secure, competitive, and fully compliant with local regulations,
“We’re excited to bring global standards to our local users and contribute to the growth of the digital economy in Indonesia,” she added.
Indonesia’s Polibeli Group plans 100MW AI computing center in Thailand