IDDB Becomes the First Debt Securities Tokenization Project in Indonesia

PT Sejahtera Bersama Nano (SBN), the company that oversees it Nanovest, officially launched the first debt securities tokenization project in Indonesia, ID Digital Bonds (IDDB). This project marks a major step in technology adoption blockchain in the Indonesian financial sector, especially in government bonds. Currently, IDDB has entered the initial stages of the process as a participant in the OJK Sandbox and will soon be trading via the Nanovest platform.

IDDB is a token that represents the INDON 34 series government bonds, and provides access to investment with lower capital than purchasing conventional bonds. While generally INDON 34 bond transactions require a minimum of $200.000, with IDDB, investors can start investing with just $1.000. This is a breakthrough for the bond market in Indonesia, making it more inclusive and accessible.

This project is the result of collaboration between SBN as the token issuer, Nanovest as crypto exchange which facilitates token trading, STAR Asset Management as investment manager partner, and Bank Sinarmas as custodian responsible for storing financial assets.

IDDB CEO Gumarus Dharmawan William expressed confidence that this innovation will provide unprecedented liquidity, transparency and accessibility in the Indonesian bond market. "Through IDDB, we hope to improve capital inflow which is positive for Indonesia and contributes to the country's development," he said.

Apart from that, Billy Surya Jaya, Main Director Nanovest, adding that their platform is very happy to be a facilitator in introducing the IDDB token to the public. "We are committed to providing security and comfort for investors through this product," said Billy.

With the potential of the global tokenization market continuing to grow, the IDDB project is expected to be able to take advantage of this positive trend to support national economic growth. According to the latest report, the tokenization market is expected to grow from USD 2,3 billion in 2021 to USD 5,6 billion in 2025, with an average annual growth rate of 19%.

IDDB is expected to trade on Nanovest soon, providing investors with the opportunity to participate in a low-risk but potentially profitable bond asset.

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Disclosure: This article was produced with AI technology and supervision of the content writer