Singapore-based Edena Capital Partners and its Korean technology subsidiary Group KS announced their strategic entry into the Indonesian digital securities market, following the successful establishment of joint venture “Edena Capital Nusantara” with prominent Indonesian partners to pioneer the development of Security Token Offering (STO) exchanges in ASEAN’s largest economy.
The joint venture was formalized through a signing ceremony in Jakarta today, with Wook Lee (CEO) and Chase S. Cho (Co-CEO) representing Edena Capital Partners, alongside Indonesian partners PT Dua Saudara Nusantara and PT Milkyverse Dunia Digital. The ceremony was attended by key stakeholders, including Rendy Ronaldy Bimantara (CEO, PT Dua Saudara Nusantara), Yayang Ruzaldy (Co-Representative, PT Dua Saudara Nusantara), and Rob Clinton Kardinal (Representative, PT Milkyverse Dunia Digital).
Pioneering ASEAN’s Digital Assets Transformation
“After establishing our strong local partnership, we are now positioned to enter Indonesia’s inaugural STO exchange sandbox program and build ASEAN’s leading digital securities infrastructure,” said Wook Lee, CEO of Edena Capital Partners. “This joint venture enables us to connect Indonesia’s 270 million people to international capital markets while laying the foundation for ASEAN’s digital securities ecosystem. We integrate this with our proven exchange operations in Cambodia and strategic partnerships in Malaysia.”
Through Edena Capital Nusantara, the company will operate the “Edena Indonesia” STO exchange, cementing its position as the first international platform to seize Indonesia’s first STO sandbox opportunity and lead ASEAN’s digital securities evolution.
ASEAN Digital Effects Leadership Strategy
EDENA’s Indonesian market entry strategy shows regional advantages:
- Strategic Partnership : Joint venture with Indonesian market leaders
- Regional Hub Development : Positioning Indonesia as ASEAN’s Digital Securities Center
- Cross-border Integration : Connecting Indonesia to the Broader ASEAN Digital Securities Network
- Extended Assets : Carbon Credits and Extended Tokenized Asset Offerings
The platform will prioritize carbon credit tokenization – in line with President Jokowi’s Green Recovery initiatives and Indonesia’s 2030 carbon neutrality commitments, while building comprehensive digital securities capabilities that establish Indonesia as ASEAN’s innovation hub.
Advanced Infrastructure for Regional Growth
Operating from Singapore with regulatory expertise in ASEAN jurisdictions, EDENA has developed STO infrastructure for multi-jurisdictional compliance. Its hybrid blockchain architecture enables regulatory compliance and cross-border transactions within different frameworks.
EDENA’s approach focuses on building integrated infrastructure that connects regional markets. With the global STO market expected to reach USD 2.4 trillion by 2030, the company’s entry into Indonesia positions it to lead ASEAN’s digital securities transformation and establish regional digital finance leadership.
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