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Indonesia Crypto Web3 Report 2023 Unveils 5 Key Insights

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Asosiasi Blockchain dan Pedagang Aset Kripto Indonesia/Indonesian Blockchain and Crypto Asset Exchanges Association (A-B-I & Aspakrindo), in collaboration with Coinvestasi, has released the highly anticipated “Indonesia Crypto and Web3 Report 2023”. This comprehensive report presents crucial insights that serve as a valuable reference and illustration of the dynamic growth within the crypto and Web3 industry in Indonesia. Here are five noteworthy highlights from the report:

  1. Soaring Crypto Adoption in Indonesia
    Securing its place on the global stage, Indonesia now ranks seventh in the Chainalysis Global Crypto Adoption Index. This impressive climb from 13 in 2022 underscores Indonesia’s pivotal role in driving global crypto adoption.
  2. Surging Transaction Volume and Investor Numbers
    Despite market volatility, Indonesia experienced robust growth in crypto transaction volume and investor’s confidence throughout 2023. Notably, the country recorded a transaction value of IDR 122 trillion from January to September, with a significant spike in crypto transaction volume in November 2023.
    The Indonesian crypto market witnessed a surge in the number of investors, reaching 18.25 million from January to November 2023. This marks a substantial increase from the 16.55 million investors recorded in the same period in 2022. The monthly increase in registered customers averaged 437,900, with Java Island dominating at 63.6%. The most traded crypto assets included USDT, BTC, as well as emerging ones like SHIB and DOGE.
  3. Innovation Support
    As a commitment to foster innovation in the blockchain technology, Indonesia, through the Ministry of Communication and Informatics (Kominfo), has issued the Ministerial Regulation Number 3 of 2021. Collaborating with relevant stakeholders, Kominfo advocates for the creation of sandbox regulations across various technology-related sectors, including fintech, telecommunications, and digital services.
  4. Crypto Surveillance Transition
    Under the oversight of the Commodity Futures Trading Regulatory Agency (Bappebti), crypto assets are treated as commodities in line with the country’s economic strategy. This regulatory paradigm will evolve with the transition to supervision by the Financial Services Authority (OJK), aligning with the Law Number 4 of 2023. Key regulations such as CoFTRA Regulations Number 13 of 2022 and 8 of 2021 play a pivotal role in establishing a compliant and structured environment for crypto assets trading, especially on futures exchanges.
  5. Expanded Crypto Trading and Web3 Ecosystem
    The number of registered local crypto exchanges in Indonesia surged from 25 in 2022 to 32 in 2023. Additionally, the country saw an increase in the number of legally traded crypto assets, reaching 501 in 2023 compared to 383 in 2022. The completion of Indonesia’s crypto trading ecosystem in 2023 includes the inauguration of PT Bursa Komoditi Nusantara as the Indonesian crypto futures exchange, PT Kliring Berjangka Indonesia as the clearing house, and PT Tennet Depository Indonesia as the depository for crypto assets.

Indonesia’s journey in the crypto and Web3 sectors throughout 2023 demonstrates a mature and innovative strategy. From regulatory development and market expansion to the growing number of investors and technology integration, Indonesia exhibits a profound understanding of the potential of the crypto and Web3 sectors. The publication of this report serves as a positive step, providing stakeholders with insights into the dynamics of Indonesia’s crypto and Web3 industry. The Association remains committed to strengthening the positioning of domestic crypto and Web3 projects at the national level, aiming to stimulate the growth of Indonesia’s broader digital economic ecosystem, as stated by Danny Baskara, Vice Chairman for Blockchain of ABI & Aspakrindo.

For more comprehensive information regarding the development of the crypto industry and Web3 in Indonesia, access the full report here.

SOURCE Asosiasi Blockchain Indonesia

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Rakovina Strengthens Board with Appointments of Yevgeniy Meshcherekov and David Kideckel

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Blocks & Headlines: Today in Blockchain – April 29, 2025 | Deloitte, TRON DAO, Miden, JPMorgan, Nuvve

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The blockchain and cryptocurrency ecosystem is evolving at breakneck speed, with tokenization, Layer 2 innovations, institutional partnerships, and emerging venture plays dominating today’s headlines. In this op-ed–style briefing—April 29, 2025—we unpack five major stories that signal where Web3, DeFi, and NFTs are headed:

  1. Deloitte’s $4 trillion tokenized real estate forecast

  2. TRON DAO’s support for emerging talent at Harvard Blockchain Conference

  3. Miden’s $25 million raise to scale a zero-knowledge blockchain

  4. JPMorgan and Nacha’s blockchain-enabled ACH validation

  5. Nuvve’s new subsidiary for cryptocurrency and blockchain ventures

Each section delivers concise news coverage, incisive analysis, and opinion-driven insights into the strategic and technological implications. Throughout, we weave in essential keywords—blockchain, cryptocurrency, Web3, DeFi, NFTs—to ensure SEO optimization and relevance for digital audiences.


1. Deloitte Predicts $4 Trillion Tokenized Real-Estate Market by 2035

Summary:
In a landmark report released April 28, consulting giant Deloitte projects that the tokenized real-estate market could swell to $4 trillion by 2035. The forecast hinges on rapid adoption of security tokens that fractionalize property ownership, enabling global investors to trade real-estate assets 24/7 on blockchain platforms. Deloitte identifies five key enablers: regulatory clarity, standardized token protocols, interoperability layers, institutional-grade custody services, and liquid secondary markets. Adoption drivers include enhanced liquidity, democratized access for retail investors, and lower transaction costs via smart contracts.

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Analysis & Opinion:
Tokenization stands at the confluence of DeFi and traditional finance, promising to unlock trillions in illiquid assets. Yet realizing a $4 trillion market requires overcoming persistent hurdles: cross-border regulatory alignment, KYC/AML compliance on decentralized platforms, and robust digital-asset custodianship. Real-estate incumbents should prioritize pilot programs in regulated jurisdictions—such as Switzerland’s FINMA sandbox—to build trust and test token standards like ERC-3643 or the upcoming ISO TC 307 specifications. Meanwhile, DeFi protocols must integrate real-world asset oracles with high-assurance data feeds to prevent valuation discrepancies. As major asset managers—BlackRock, Fidelity—eye tokenization pilots, blockchain platforms offering modular compliance and seamless fiat on-ramps will emerge as market leaders.
Source: Bitcoin.com News


2. TRON DAO Empowers Emerging Talent at Harvard Blockchain Conference 2025

Summary:
TRON DAO reaffirmed its commitment to education and Web3 innovation by sponsoring the Harvard Blockchain Conference 2025 on April 26–27. The foundation underwrote travel grants, speaker honoraria, and hackathon prizes to support students and researchers exploring DeFi, NFT interoperability, and decentralized governance. TRON representatives—including CTO Michael Kong—led deep-dive sessions on TRON’s latest EVM-compatible upgrades, zero-fee transactions, and cross-chain bridges powered by the Sun Network. Award winners gained access to the TRON Accelerator program, offering mentorship, developer grants, and potential seed funding.

Analysis & Opinion:
Educational sponsorship is a strategic play for protocols seeking long-term developer mindshare. By investing in Harvard’s brightest, TRON DAO not only promotes its Layer 1 ecosystem but also fosters innovations that could address TRON’s scalability, security, and decentralization trade-offs. However, high-profile academically oriented conferences risk echo-chamber effects unless participation spans beyond marquee institutions. TRON would benefit from parallel outreach to Historically Black Colleges and Universities (HBCUs) and community colleges to diversify its developer pipeline. In the battle for EVM-compatible supremacy, protocols that nurture broad, inclusive communities will secure resilience and real-world network effects.
Source: Bitcoin.com News


3. Miden Raises $25 Million to Scale a ZK Blockchain Post-Polygon Spin-out

Summary:
Miden, the zero-knowledge (ZK) proof–based Layer 2 protocol spun out of Polygon in late 2024, has secured a $25 million Series A led by a16z Crypto and Electric Capital. The round also saw participation from Placeholder, Pantera, and Circle Ventures. Miden’s core innovation lies in its bespoke STARK-based prover that enables trustless off-chain transaction batching and on-chain proof verification. Unlike SNARK-focused rollups, Miden eschews trusted setups and prioritizes transparency while targeting throughputs of 4,000+ TPS. The funds will scale Miden’s developer ecosystem, strengthen its modular data availability layer, and accelerate mainnet launch slated for Q4 2025.

Analysis & Opinion:
The ZK-rollup wars are intensifying as projects differentiate on security assumptions, throughput, and developer experience. Miden’s STARK-centric architecture addresses growing community concerns over SNARK trusted setups and prover centralization. However, achieving 4,000 TPS in production demands optimizations at both protocol and EVM-compatibility layers. Miden must also articulate clear interoperability roadmaps with Ethereum, Cosmos, and the OP Stack to attract DApp teams wary of liquidity fragmentation. The $25 million war chest affords aggressive grant programs and bug bounties—critical to securing audit-hardened code—but community trust will hinge on transparent security reports and gradual mainnet roll-out through incentivized testnets.
Source: Cointelegraph

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4. JPMorgan Partners with Nacha for Blockchain-Backed ACH Account Validation

Summary:
In a first for the traditional banking sector, JPMorgan Chase announced on April 27 a strategic alliance with Nacha, the U.S. ACH network operator, to pilot a blockchain-enabled account validation service. Utilizing a private permissioned ledger based on Hyperledger Fabric, the initiative aims to streamline ACH origination by verifying account ownership in real time, thereby reducing failed transactions and fraud. Pilot participants—including fintechs, regional banks, and corporate treasuries—can request instant validation tokens on ledgers, with JPMorgan acting as the initial node operator and Nacha providing rule governance. The project targets a 50% reduction in ACH settlement delays and a projected $300 million annual saving in transaction costs.

Analysis & Opinion:
Legacy payment rails face mounting pressure from DeFi protocols offering near-instant, low-fee transfers. JPMorgan’s move to integrate blockchain into ACH validation is a pre-emptive strike to modernize the Automated Clearing House network from within. Success will depend on achieving network effects—convincing enough U.S. financial institutions to run nodes and accept blockchain-issued trust tokens. Clear regulatory guidance from the Federal Reserve and CFPB on ledger governance will be essential. Should this pilot prove scalable, it could catalyze broader on-chain rails for corporate payments, payroll, and supply-chain finance, bridging Web2 and Web3 infrastructures.
Source: Ledger Insights


5. Nuvve Launches New Subsidiary to Capitalize on Cryptocurrency and Blockchain Opportunities

Summary:
Electric-vehicle charging network operator Nuvve has formed Nuvve Blockchain Ventures—a dedicated subsidiary focused on integrating cryptocurrency, distributed-energy resources (DERs), and tokenization into grid services. Announced April 28 via Business Wire, the new entity will explore utility partnerships for vehicle-to-grid (V2G) settlement in stablecoins, energy-asset tokenization for peer-to-peer trading, and use of NFTs to represent renewable-energy credits (RECs). Nuvve Blockchain Ventures has already secured MoUs with three major U.S. utilities and plans a Q3 pilot using a Polygon-based sidechain for meter-to-meter settlement.

Analysis & Opinion:
Nuvve’s leap into blockchain underscores the cross-industry potential of tokenization and DeFi primitives. By transacting energy services in stablecoins, Nuvve can reduce cross-border FX risk for EV fleets and unlock micro-grid autonomy. However, real-world energy markets demand high-availability, low-latency settlement—areas where existing Layer 1s and busy sidechains may falter. The choice of Polygon sidechain offers low fees and Ethereum security but may require roll-up bridges to settle larger energy-credit batches on Ethereum mainnet. Regulatory clarity on energy tokens as securities or commodities will also shape adoption. If Nuvve succeeds, utilities could adopt blockchain for everything from demand-response auctions to carbon-credit trading, accelerating the energy-Web3 nexus.
Source: Business Wire


Key Trends & Takeaways

  1. Mass Tokenization Looms: Deloitte’s $4 trillion forecast cements tokenized real estate as a flagship use case for security tokens—but success depends on regulatory harmonization and liquid secondary markets.

  2. Developer & Community Investment: TRON DAO’s Harvard sponsorship—and Miden’s sizable Series A—highlight how ecosystems compete for developer mindshare and project credibility through grants and educational outreach.

  3. ZK-Rollup Differentiation: The STARK-based approach of Miden contrasts with SNARK-dependent rollups, reflecting a market that prizes transparency and security assumptions in scaling Ethereum.

  4. Institutional Blockchain Adoption: JPMorgan and Nacha’s ACH pilot exemplifies how incumbent financial networks are cautiously integrating ledger technology to modernize legacy rails.

  5. Cross-Sector Tokenization: Nuvve’s energy-sector plunge illustrates the growing appetite for tokenized assets—from real estate to renewable credits—signaling Web3’s expansion into critical infrastructure.


Conclusion
Today’s headlines reveal a blockchain industry at full throttle: tokenization is broadening beyond finance into real-world assets; zero-knowledge solutions vie for Layer 2 dominance; consortiums of banks pilot private ledgers; and even EV-charging networks are exploring on-chain settlements. As DeFi, NFTs, and Web3 architectures mature, the winners will be platforms that balance regulatory compliance, technological robustness, and community engagement. Stay tuned to Blocks & Headlines for tomorrow’s deep dive into the innovations redefining decentralized networks.

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PFM Disrupts Wealth Management in 2025: Earn Digital Assets Risk-Free with Zero Fees

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