Cross-Sector Collaboration Is the Key to Integrating the Web3 Ecosystem in Indonesia

JAKARTA - Collaboration across industry players and the government is considered an important factor in encouraging a Web3 ecosystem that is more integrated with the real economy.

In the series of Indonesia Digital & Blockchain Week (IDBW) 2025 some time ago, industry players, investors, and regulators expressed similar things.

From the perspective of technology and ecosystem development, Co-Founder & Co-CEO of D3 Labs, Lai Chung Ying, emphasized the role of IDBW as a link between innovation and real economic needs.

According to him, Indonesia has great potential, and this conference brings together founders, regulators, and investors to build relevant and sustainable solutions.

A similar view was expressed by Tokocrypto CEO, Calvin Kizana. He assessed that the use of blockchain technology and artificial intelligence (AI) needs to go beyond just digital asset trading activities.

"This technology can be used to create real solutions, ranging from payment systems, funding, to business efficiency," said Calvin.

In line with this, the Chief Executive of the Financial Sector Innovation Technology, Digital Financial Assets, and Crypto Assets of the OJK, Hasan Fawzi, also emphasized the importance of strengthening governance and the readiness of the ecosystem to enter a more institutional adoption phase.

As a regulator, Hasan said that OJK will continue to ensure that innovation goes hand in hand with market integrity, consumer protection, and financial system stability.

"With an ecosystem of licensed, ranging from exchanges, custodians, to market organizers, Indonesia has a foundation to encourage the development of more credible and measurable tokenization and digital financial assets," he explained.

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He emphasized that strengthening collaboration across industry players, financial institutions, and global partners is an important step to ensure that the opportunity to issue digital financial assets can be understood, tested, and adopted through the right mechanisms.

"The goal is not just growth, but quality: clear use cases, strong governance, and consistent collaboration," continued Hasan.

With a combination of a large domestic market and increasing institutional interest, he is very confident that Indonesia has the opportunity to build a path to a regional hub for the issuance of digital financial assets.

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