Hashim Djojohadikusumo Enters the Crypto World: Market Influence and Indonesian Stablecoins

Bittime - The entry of Hashim Djojohadikusumo into the crypto industry is seen as having deeper implications than just a business investment. Many see this move as a signal of a shift in direction, moving away from what has been considered a speculative market toward a more established foundation of digital finance.

Hashim Djojohadikusumo officially became involved in the digital asset industry through PT Indokripto Koin Semesta Tbk, or COIN. He is a shareholder of the Arsari Group, specifically PT Arsari Nusa Investama.

This move immediately caught the attention of market players because COIN is not an ordinary crypto company, but rather the owner of the main infrastructure of the national crypto ecosystem.

COIN and its Strategic Role in the Crypto Ecosystem

COIN oversees two key entities in the Indonesian crypto industry. The first is PT Central Finansial X, or CFX, which acts as the official crypto asset exchange.

Second, PT Kustodian Koin Indonesia (ICC), which serves as a repository for investors' digital assets. By controlling these two key nodes, COIN holds a central position in all crypto transaction activity in Indonesia.

Hashim Djojohadikusumo's entry into COIN's ownership structure puts the crypto industry on a different level.

While crypto has long been synonymous with price movements and short-term speculation, the discussion has now shifted to the development of national digital systems and sovereignty.

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Not Just an Investment, But a Long-Term Direction

Unlike retail investors who chase opportunities from daily price changes, the Djojohadikusumo family's steps have a broader goal.

Arsari Group Deputy President Director, Aryo Djojohadikusumo, openly stated that this investment is aimed at strengthening Indonesia's digital sovereignty.

In a global context, the digital financial system has become an arena for competition between nations. Countries without their own infrastructure risk becoming mere markets for foreign technology.

Through COIN, Arsari Group sees an opportunity for Indonesia to become not only a user, but also a manager and determinant of the direction of digital asset development.

Digital financial assets are also beginning to be seen as part of the national economic transformation, alongside other sectors such as the creative economy and the digitalization of public services.

With oversight now under the Financial Services Authority, Indonesia is also openly positioning itself as a crypto hub in Southeast Asia.

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Three Main Reasons for Hashim Djojohadikusumo's Entry

Several factors make COIN attractive to major investors like Hashim Djojohadikusumo. First is regulatory certainty. Since early 2025, oversight of crypto assets has officially shifted to the Financial Services Authority (OJK).

These changes bring clearer governance standards and stronger protections for market participants.

Second, the size of the domestic market. The number of crypto investors in Indonesia has surpassed that of stock investors.

Annual transaction value also continues to grow and has the potential to increase with the introduction of new products and services. Globally, Indonesia is one of the countries with the highest crypto adoption rates.

Third, the legitimacy effect. The presence of national figures like Hashim Djojohadikusumo has renewed public confidence. The crypto industry, previously viewed negatively, is now being seen as a legitimate part of the modern financial system.

Crypto Systems That Resemble Capital Markets

The Indonesian crypto industry is structured to avoid centralization. The roles of exchanges, traders, and asset custodians are separated. CFX is responsible for regulating and overseeing trading, while crypto traders merely act as intermediaries for the public.

Users' assets are held by an independent custodian, the ICC. Regulations require that most assets be held with an authorized custodian to prevent misuse. This system is designed to enhance security and investor confidence.

With its position at the upstream infrastructure, COIN serves as the primary channel for national crypto asset transactions and storage. Regardless of the platform used, activities remain within the same ecosystem.

Read also: Ripple XRP Price Prediction 2025–2030: Will XRP Reach $5 in 2025 and $26 in 2030?

The Indonesian Stablecoin Issue is Strengthening

After the entry of Hashim Djojohadikusumo, market attention returned to the issue of development of Indonesian-made stablecoin. Information from market participants suggests that the national stablecoin could potentially be listed through ICC, a subsidiary of COIN.

The stablecoin will reportedly be issued by PT Adhyoka Berkah Maju under the name IDRP. The company has been in the Financial Services Authority's Sandbox program since July 2025.

This program is designed to test financial innovations to ensure they are run responsibly and well-managed.

Previously, Bank Indonesia also introduced the initial design for the Digital Rupiah as part of its national payment system development strategy. The introduction of a Rupiah-based stablecoin is expected to strengthen the role of digital assets in Indonesia's financial system.

Read also: Bitcoin Price Prediction 2025–2030: Can BTC Reach $900K by 2030?

New Direction of the National Crypto Industry

Hashim Djojohadikusumo's entry into the crypto world underscores that the industry is moving into a more mature phase. The focus is no longer solely on price, but on systems, governance, and long-term sustainability.

With an increasingly robust infrastructure foundation, crypto in Indonesia has the potential to develop as an integral part of the national digital economy. For market players, this shift signals that the industry's direction is being shaped for the long term, not just a passing trend.

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FAQ

Who Hashim Djojohadikusumo in the crypto industry?

Hashim Djojohadikusumo is a national entrepreneur who entered the crypto industry through share ownership in PT Indokripto Koin Semesta Tbk.

What is the role of COIN in the Indonesian crypto ecosystem?

COIN manages the official crypto exchange and digital asset custody institution that is the backbone of the national crypto system.

Why is this move considered important for the crypto market?

Because it shows a shift in crypto from speculative activity to a more structured and trusted financial infrastructure.

What does this have to do with Indonesian stablecoins?

Hashim's entry raises the issue that COIN has the potential to become a listing platform for the Rupiah stablecoin being developed under regulatory oversight.