JAKARTA - The global crypto asset industry recorded extraordinary developments throughout 2025. Crypto market capitalization penetrated $4 trillion, driven by a Bitcoin rally that grew more than 120% YoY.

This positive momentum also encourages institutional adoption in many countries, including Indonesia. Based on data from the Financial Services Authority (OJK), there are 556 institutional investors who have invested in digital assets.

Indonesia is also ranked 7th in the Global Crypto Adoption Index 2025, with prominent positions in the institutional category (peringkat 7) and DeFi (peringkat 4).

Tokocrypto CEO, Calvin Kizana, said that this fact illustrates the institution's interest in digital assets which is now increasing very quickly, both globally and in Indonesia.

"They no longer see crypto as a short-term trend, but as a class of strategic assets capable of providing diversification and long-term yield potential," Calvin said in a statement quoted Friday, November 28.

On the capital market side, the Indonesia Stock Exchange (IDX) reports that three registered issuers have placed some of their assets in the form of crypto assets.

The three companies are PT Eastparc Hotel Tbk (EAST), PT Wira Global Solusi Tbk (WGSH), and PT Bali Bintang Sejahtera Tbk (BOLA). They are known to have digital asset portfolios such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP.

According to Calvin, the entry of institutions has also been driven by regulatory clarity. Since the official crypto asset supervision to switch to OJK through POJK 27/2024, the provisions in Articles 80 and 81 emphasize that business entities are allowed to use crypto asset trading services through Digital Financial Asset Traders (PAKD).

This more solid legal framework provides certainty for institutions to securely and measurably regulate their exposure.

With a combination of clearer regulations and global momentum, 2025 is the determining year for consolidation of institutional adoption in the Indonesian crypto ecosystem.

"This is an important momentum for industry players to provide services that are safe, transparent, and in line with the needs of large-scale investors," Calvin explained.


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