IDDB is Set To Be Indonesia’s First Bond Tokenization Project, Aiming to Join OJK’s Sandbox and Trade on Nanovest

Jakarta, Indonesia – PT Sejahtera Bersama Nano officially collaborated with PT Tumbuh Bersama Nano (Nanovest), presenting Indonesia’s first bond tokenization product innovation. The ID Digital Bonds (IDDB) is the first project in Indonesia to adopt the tokenization of financial assets in the form of bonds. This IDDB project is the result of development and collaboration between Nanovest as a crypto exchange, which is registered as CPFAK, PT Sejahtera Bersama Nano (SBN) as token issuer, STAR Asset Management as investment manager partner, and Bank Sinarmas as custodian, which holds bond financial assets.

Bank Indonesia (BI) noted that there had been an outflow of funds or capital from within the country to abroad, either directly or indirectly (capital outflow), amounting to IDR 780 billion from June 19-20, 2024. The flow of foreign capital came out through net stock market sales of IDR 1.42 trillion. Meanwhile, foreign capital flows in through net purchases of Government Securities (SBN) amounting to IDR 450 billion and SRBI (Bank Indonesia Securities) amounting to IDR 190 billion.