Robinhood Indonesia acquires 19 million shares and 17 million digital forex accounts by way of digital forex enlargement

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  • Robinhood Indonesia’s crypto enlargement depends on the acquisition of native brokerages and crypto firms.
  • Each transactions are topic to OJK approval and are anticipated to shut within the first half of 2026.
  • The Indonesia transfer will develop Robinhood’s prediction markets and tokenization technique to Southeast Asia.

Robinhood plans to enter Indonesia by way of two acquisitions that may deliver its US buying and selling platform straight into one in all Southeast Asia’s fastest-growing markets. The corporate revealed that it has signed an settlement to amass native brokerage agency PT Buana Capital Sekuritas and digital asset agency PT Pedagag Aset Kripto, marking step one in the direction of providing each fairness and cryptocurrency providers in Indonesia.

Robinhood Serves Indonesian Inventory and Crypto Traders

Beneath the proposed construction, Robinhood would take over Buana Capital’s operations whereas persevering with to supply Indonesian monetary merchandise to the corporate’s current buyer base. The corporate stated its long-term plan is to introduce its personal securities suite and cryptocurrency buying and selling instruments, permitting customers in Indonesia to entry US shares, native digital belongings and cross-market merchandise from one app.

The second focused acquisition, PT Pedagag Aset Kripto, will give Robinhood direct publicity to Indonesia’s energetic crypto buying and selling sector. In response to market company information, there are greater than 19 million capital market members and greater than 17 million crypto traders within the nation, indicating the size of the potential demand for built-in buying and selling providers. Peter Tanuri, majority shareholder of Buana Capital and PT Pedagan Asset Crypto, will proceed to be concerned within the transition as a strategic advisor following the completion of the 2 transactions.

Associated: Robinhood acquires MIAXdx in three way partnership with Susquehanna to take management of prediction market stack

What OJK approval and 2026 timeline imply for Robinhood launch

The corporate famous that every transaction stays topic to customary closing situations, together with regulatory evaluation by Otoritas Jasa Quangan (OJK). If authorised, each acquisitions are anticipated to be accomplished by mid-2026 and can permit Robinhood to ascertain its presence in Indonesia.

Patrick Chan, Robinhood’s head of Asia, stated Indonesia’s rising commerce exercise was a key issue within the resolution. He stated the corporate goals to supply the identical providers at the moment accessible to clients in different areas as soon as the regulatory course of is full.

How Indonesia matches into Robinhood’s prediction market and tokenization technique

The transfer comes because the platform expands its product line throughout buying and selling, prediction markets, and tokenized belongings. Earlier this yr, Robinhood launched prediction markets and subsequently moved to amass main stakes in MIAXdx and LedgerX, giving it direct management over its event-based derivatives infrastructure somewhat than relying solely on third-party venues.

The corporate additionally moved ahead with tokenization efforts after CEO Vlad Tenev recognized tokenized securities as a creating space of ​​market infrastructure. The corporate reported that its plans embrace permitting clients to make use of tokenized shares as collateral for crypto-related transactions.

Associated: Robinhood expands EU cryptocurrency providing with help for Sonic (S) token

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