The financial regulator says its framework will focus on underlying activity, risk controls and consumer protection while allowing technology-neutral innovation.
Indonesia’s Financial Services Authority (OJK) is preparing draft rules for offers of tokenized assets and is also working on a framework for stablecoins, the ANTARA news agency reported. Adi Budiarso, an OJK executive overseeing financial technology innovation and digital and crypto assets, described the areas as part of the future of digital finance at a seminar in Jakarta.
Budiarso said OJK intends to apply a “same activity, same risk, same regulation” principle. He said the rules would be proportionate to risk and neutral toward the technology used. The regulator would focus on the substance of an activity, risk mitigation and consumer protection, including when services rely on blockchain, artificial intelligence or cloud computing.
He cited tokenization as a possible way to let individuals access some investment instruments with smaller amounts. Budiarso compared a current one-million-rupiah investment amount with a possible 10,000-rupiah amount for a tokenized product. That was an example offered by the official, not a promise about any specific investment’s availability, minimum amount or return.
Budiarso said regulation should establish adequate safeguards without holding back innovation. OJK’s measure of success, he said, is whether technology has an effect on the real economy and reaches people’s actual needs, rather than remaining only a concept or a limited pilot.
ANTARA reported that the authority is also considering rules for tokenized real-world assets, rupiah stablecoins, digital-asset custody and crypto-fund management. Budiarso said regulations for these areas could be completed this year or early next year.
The report does not provide the draft’s detailed provisions, the assets that would qualify, issuer obligations or a timetable for public consultation. The plans remain under development and should not be read as a final regulation already in force.
OJK’s stated direction is to widen productive uses of digital assets while strengthening safeguards and financial-sector development. The regulator says it wants innovation to be useful in the real economy and subject to protections proportionate to the risks.