Strengthening The Capital Market Industry, KSEI Collaborates With Central Kustodian From Kazakhstan

President Director of PT KSEI Samsul Hidayat together with Chairman of Kazakhstan Central Securities Depository (KCSD) Yedil Medeu signed the MoU in Kazakhstan. (Photo: ANTARA)

JAKARTA - Expanding international reach, PT Kustodian Sentral Efek Indonesia (KSEI) formed a partnership with Kazakhstan Central Securities Depository (KCSD) through the signing of a Memorandum of Understanding (MoU).

The signing ceremony took place on September 23, 2025, in Almaty, Kazakhstan, to coincide with the 2025 The World Forum of Central Securities Depository (WFC2025).

The signing of the MoU was carried out by KSEI President Director Samsul Hidayat and KCSD Chairman Yedil Medeu on September 23, 2025.

With this MoU, KSEI and KCSD officially strengthen their commitment to developing the Regional capital market industry in both countries.

Meanwhile, the signing of the MoU marks the 11th collaboration between KSEI and CSD from other countries.

Previously, KSEI had also signed an MoU with other CSDs, namely Singapore, Thailand, Japan, South Korea, Iran, Taiwan, Turkey, Viet Nam, Sri Lanka, and Russia.

Responding to the signing of the MoU, Samsul explained that the MoU between KSEI and KCSD was not just a formal agreement, but also a form of commitment to the importance of international collaboration for innovation and development of capital market infrastructure.

"Through this collaboration, it is hoped that there will be a joint initiative between KSEI and KCSD to share knowledge or system development cooperation that can be an effort to increase their respective competitiveness," said Samsul in his statement, Wednesday, September 24.

As for the MoU, KSEI and KCSD agreed on cooperation to develop services and a new operational system as one of the main points.

In addition, he said that both parties can also exchange information that includes operational statistics and market developments, business operations models and renewable business opportunities, as well as opening up opportunities for employee exchange and information through joint training programs to strengthen understanding and knowledge in the capital market sector.

Samsul conveyed that international cooperation with CSD from other countries is a strategic step for KSEI to further strengthen its position as a credible and international custodian institution.

According to him, the cooperation that has been well established over the past few years has not only contributed to the development of the Indonesian capital market, but also resulted in new service infrastructure which is part of the milestone in Indonesia's capital market history.

He gave an example, such as the success of this international collaboration is the collaboration between KSEI and Korea Securities Depository (KSD) which produces an Integrated Investment Management System (S-INVEST) for the mutual fund industry, as well as with Merkezi Kayit Kurulusu Turkiye from Turkey which produces an electronic general meeting (eASY.KSEI) system which is now being used for holding an online General Meeting of Shareholders (GMS).

The collaboration between KSEI and the Russian National Settlement Depository (NSD), which was officially established in May 2025, resulted in KSEI's participation in the task force regarding the discourse on the use of Distributed Ledger Technology (DLT) for settlement of transactions in the capital market.

"This step is expected to bring innovation to a more efficient and secure transaction completion system," he said.

Senada, Yedil menambahkan, Indonesia merupakan salah satu jantung utama pasar modal di Asia Tenggara yang berkembang dengan dinamis, sementara Kazakhstan berperan sebagai pusat industri keuangan untuk Kawasan Asia Tengah.

"Melalui kerja sama dengan KSEI, kami menciptakan jembatan antara kedua wilayah yang akan membuka peluang investasi baru dan memperkuat integrasi ekosistem keuangan kami," jelasnya.

Senada, Yedil menambahkan, Indonesia merupakan salah satu bukti utama pasar modal di Asia Tenggara yang berkembang dengan dinami, sementara Kazakh berperan sebagai pusat industri keuangan untuk Kawasan Asia Tengah.

"Through cooperation with KSEI, we created a bridge between the two regions that will open up new investment opportunities and strengthen the integration of our financial ecosystem," he explained.