Tiger Research: Indonesia Tokenization Market to Grow to $88 Billion by 2030

Web3 consulting firm TigerResearch announced on the 20th that it has published a report on the tokenization of real assets in Indonesia, 'Project WIRA'.

This report was jointly published by BRI Ventures, the venture investment division of Indonesia's state-owned bank BRI, Sashion Capital, a Web3 venture capital firm, and D3 Labs, a Southeast Asia-based tokenization specialist company.



According to the report, the Indonesian tokenized asset market is expected to grow to $88 billion (123.4 trillion won) by 2030. The main growth drivers are abundant natural resources, rapid growth of the fintech and digital payment industry, and active policy support from the government.

The growth of the digital currency sector is particularly noteworthy. The report stated that "tokenization can effectively eliminate intermediaries in overseas remittances" and "the average 6.2% fee can be reduced, which will reduce the remittance costs of about 9 million Indonesians living abroad".

Improved transaction efficiency through tokenization is also expected in the commodity market. Brokerage costs in the trading of commodities such as nickel, coal, and palm oil are expected to be reduced by about 30%, and settlement and clearing times are expected to be reduced from the current 6 days to within a few hours.

The Indonesian government is also supporting the growth of the asset tokenization market through innovative policies such as the launch of a blockchain-based carbon trading exchange and the digital Rupiah CBDC project.

Kim Gyu-jin, CEO of TigerResearch, said, "Indonesia is more flexible for innovation as a regulatory sandbox, and it will establish a dominant position, especially in the digital currency and commodity sectors."

Reporter Yeri Do

yeri.do@decenter.kr