OJK to regulate tokenized gold, bonds, and property income

Indonesia's Financial Services Authority (OJK) has initiated the drafting of comprehensive regulations for the tokenization of real-world assets, including gold, government securities, and property-related economic benefits. Announced by Adi Budiarso, the framework aims to lower the barrier to entry for retail investors, potentially allowing participation with as little as IDR 10,000. The proposed rules will govern the issuance, trading, custody, and investor rights, ensuring that digital tokens accurately represent underlying assets to prevent over-issuance. By leveraging blockchain technology, the OJK seeks to provide alternative financing models for sectors like the creative economy while maintaining strict oversight through its regulatory sandbox. The initiative also includes a parallel framework for stablecoins to support programmable money and automated transactions within the digital financial ecosystem. This move is significant as it establishes a formal legal structure for RWA tokenization in Southeast Asia's largest economy, balancing technological innovation with consumer protection. The OJK emphasizes a technology-neutral approach, focusing on business functions and risk management rather than specific blockchain protocols.