CFX Reveals Regulatory and Industry Collaboration as a Catalyst for Indonesia to Become Southeast Asia's Crypto Asset Hub at TOKEN2049

Singapore, 2 October 2025 - As the global trend toward building a more regulated and trustworthy crypto asset ecosystem continues to grow, Indonesia's collaborative regulatory model has received positive attention on the international stage at TOKEN2049. PT Central Finansial X (CFX), the first crypto asset exchange in Indonesia and the only one licensed by the Financial Services Authority (OJK), presented how this approach has driven the growth of the national crypto asset industry and positioned Indonesia as a potential hub for crypto asset trading in Southeast Asia.

CFX President Director Subani stated that the event served as a strategic opportunity to highlight the strengths of Indonesia’s crypto asset industry on the global stage. He emphasized that Indonesia possesses a strong competitive edge, supported by an accommodative and collaborative regulatory framework, as well as a comprehensive crypto ecosystem. This ecosystem is anchored by the Financial Services Authority (OJK) as the regulator, the CFX Exchange, a clearing institution, a custodian institution, and Digital Financial Asset Traders as licensed trading operators.

Our participation in TOKEN2049 reflects CFX Exchange’s commitment, as a subsidiary of PT Indokripto Koin Semesta Tbk (COIN), to advancing Indonesia’s crypto asset industry,” said Subani. “We aim to showcase to global crypto industry players that Indonesia holds significant potential to become a leading hub for crypto asset trading in the Southeast Asian region.

Subani noted that Indonesia’s collaborative regulatory approach is aligned with global market trends, which are shifting from unregulated crypto asset environments toward more regulated and trusted ecosystems. In the second quarter of 2025, the regulated local spot market recorded a growth of 5.3%, in contrast to the unregulated global spot market, which saw a decline of 27.7% over the same period.

The growing trust in Indonesia’s regulated domestic market is directly correlated with the increase in the number of crypto asset consumers. Data from the Financial Services Authority (OJK) shows that the number of crypto asset users reached 16.5 million as of July 2025. This represents a 27.10 percent increase compared to the end of January 2025, when the figure stood at 12.9 million.

Subani emphasized that these impressive achievements have occurred during the early stages of industry growth, highlighting the vast potential for further development in the future. Therefore, CFX Exchange will focus on deepening the market by developing a wider range of value-added products and expanding the use cases of crypto assets.

“These impressive achievements have taken place during the early phase of the industry’s growth, which shows there is still significant room for future expansion. We will focus on deepening the market by developing a diverse range of value-added products and expanding the use cases of crypto assets. We aim to drive innovation to position crypto assets as broader digital financial solutions, such as introducing rupiah-based stablecoins to improve liquidity and support cross-border remittance transactions, as well as optimizing the use of crypto assets as collateral for lending,” said Subani.

There is a wide-open opportunity for global investors to participate, supported by a favorable regulatory framework that allows both individuals and foreign entities to invest in Indonesia’s crypto asset market. CFX’s presence at TOKEN2049 is expected to attract the interest of global industry players, not only to view Indonesia as a transactional market but also to become an integral part of the ecosystem and actively contribute to the development of the national crypto asset industry.

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About CFX Indonesia

Established in 2023, PT Central Finansial X (CFX) operates as a crypto asset bourse, licensed and supervised by the Financial Services Authority (OJK). CFX is dedicated to fostering the growth of a high-quality and integrity-driven crypto asset industry. With a mission to construct secure infrastructure, guarantee regulatory adherence, and propel innovation, CFX aspires to lead the sector by developing a safe, innovative, and inclusive digital asset ecosystem.