PROG Holdings Partners with Edena Capital to Launch Indonesia's First Digital Securities Exchange
- Edena Capital Partners launches "Edena Capital Nusantara" to establish Indonesia's first Security Token Offering exchange.
- CEO Wook Lee states the venture aims to foster innovation in Indonesia's financial sector through a regulatory sandbox program.
- The initiative connects Indonesia to international capital markets, enhancing investment opportunities and transforming the digital securities ecosystem.
Edena Capital Partners Launches Joint Venture to Transform Indonesia’s Digital Securities Landscape
Edena Capital Partners, based in Singapore, solidifies its presence in the flourishing Indonesian digital securities market by launching a joint venture named "Edena Capital Nusantara." This strategic collaboration, formed with reputable local companies PT Dua Saudara Nusantara and PT Milkyverse Dunia Digital, is marked by a signing ceremony held in Jakarta on June 19, 2025. This initiative intends to establish a pioneering Security Token Offering (STO) exchange in Indonesia, which is not only the largest economy in the ASEAN region but also home to approximately 270 million people. The venture aims to leverage the vast potential of Indonesia’s burgeoning digital economy and engage with international capital markets.
Wook Lee, the CEO of Edena Capital Partners, articulates that the joint venture positions the company to participate in Indonesia's inaugural STO exchange sandbox program. This regulatory framework is designed to foster innovation in the financial sector while ensuring compliance with local laws. By launching the "Edena Indonesia" STO exchange, the venture emerges as the first international platform to capitalize on this unique opportunity, setting the stage for a comprehensive digital securities infrastructure that can serve as a model for other ASEAN nations. The establishment of this exchange is expected to enhance access to capital for businesses and create new investment opportunities for the Indonesian public.
Edena Capital Partners plans to integrate its extensive experience from operations in Cambodia and partnerships in Malaysia to strengthen its foothold in the Indonesian market. This strategic move not only marks a significant milestone for Edena Capital but also signals a broader transformation in the digital securities ecosystem across Southeast Asia. By connecting Indonesia to international capital markets, the joint venture lays the groundwork for future innovations in the financial sector, fostering a more inclusive and dynamic investment landscape for the region.
In addition to this joint venture, the signing ceremony featured key stakeholders such as Rendy Ronaldy Bimantara, CEO of PT Dua Saudara Nusantara, highlighting the collaborative spirit essential for such ambitious projects. The presence of representatives from both Indonesian partner firms underscores the local commitment to driving the growth of digital securities.
Edena Capital Nusantara’s initiative represents a bold step towards modernizing Indonesia's financial landscape. As the country embraces digital transformation, this joint venture not only positions Edena Capital at the forefront of the digital securities movement but also sets a precedent for similar ventures across the ASEAN region, potentially reshaping the future of investment in Indonesia and beyond.
