Indonesia to Launch Government Bond Backed Digital Security on CBDC Platform
Bank Indonesia reveals plans for a tokenized security based on its digital rupiah, viewed as a national stablecoin, amid the country's growing crypto adoption.
Furedata - Bank Indonesia (BI) is developing a tokenized digital security based on its digital rupiah CBDC platform. This new asset will be backed by government bonds, which the central bank is characterizing as the country's unique "stablecoin version."
According to CNBC Indonesia (October 30, 2025), Central Bank Governor Perry Warjiyo revealed this initiative in Jakarta. The announcement was made during the Indonesia Digital Finance and Economy Festival and Fintech Summit 2025, signifying a major policy direction.
Warjiyo clarified that these central bank digital securities are tokenized iterations of government bonds (SBN). As CNBC Indonesia reported, they will be underpinned by the digital rupiah, creating what BI considers a national stablecoin for the Indonesian financial system.
The project is a crucial element of BI's broader digital finance strategy. Its realization would represent a substantial move toward integrating blockchain technology directly into the nation's monetary framework, a point emphasized by CNBC Indonesia in its coverage.
Currently, stablecoins are not legal tender, but the Financial Services Authority (OJK) is actively monitoring their use. The regulator acknowledges their growing significance in areas like payments and international remittances, prompting closer scrutiny of the emerging asset class.
Dino Milano Siregar from the OJK’s crypto division stated that regulators enforce Anti-Money Laundering (AML) compliance. Additionally, periodic reporting is a mandatory requirement for all platforms that facilitate the trading of stablecoins within the country's jurisdiction.
Siregar also noted that these assets, especially those backed by credible collateral, are already used as hedging tools. He explained that they are considered tradable instruments and are significantly less volatile than many other types of cryptocurrencies.
Indonesia's strong engagement with digital assets is reflected in its seventh-place ranking in Chainalysis's 2025 Global Crypto Adoption Index. The nation showed high rankings in retail activity, centralized service value, and decentralized finance (DeFi) value received.