Global cryptocurrency exchange Bybit has launched its locally operated platform in Indonesia, while Binance-backed crypto exchange Tokocrypto has rolled out tokenised stocks, allowing users to gain exposure to shares of global companies through blockchain-based digital assets.
Bybit formally launches in Indonesia
Global cryptocurrency exchange Bybit has launched its locally operated platform in Indonesia, following its acquisition of a majority stake in local crypto firm NOBI last year.
Bybit Indonesia will roll out its services in phases, starting with more than 500 trading pairs, the company said in a statement on Wednesday.
The platform operates through PT Enkripsi Teknologi Handal, formerly NOBI, a locally licensed entity supervised by Indonesia’s Financial Services Authority (OJK).
Bybit Indonesia will be led by former NOBI executives Lawrence Samantha and Dionisius Evan as CEO and COO, respectively. Steven Gotama has been appointed chief marketing officer.
Samantha said the platform will introduce products gradually in line with OJK requirements, while managing the transition for existing NOBI users.
Bybit acquired a majority stake in NOBI in 2025, marking its entry into Indonesia’s regulated crypto market. DealStreetAsia previously reported that the transaction was structured as a share subscription and acquisition of shares from existing shareholders.
The launch comes as global crypto exchanges increasingly seek locally regulated routes into Southeast Asian markets, including BTSE and Robinhood.
Bybit, founded in 2018, serves more than 80 million users globally. The company describes itself as the world’s second-largest cryptocurrency exchange by trading volume.
Tokocrypto rolls out tokenised stocks
Binance-backed Indonesian crypto exchange Tokocrypto has rolled out tokenised stocks, allowing users to gain exposure to shares of global companies through blockchain-based digital assets.
The product, which began trading on June 23, initially covers tokenised assets linked to SpaceX, Tesla, Circle Internet Group, Micron Technology, SanDisk and Nvidia.
Unlike conventional equities, the tokenised assets can be traded around the clock. Tokocrypto said each token is backed one-to-one by an underlying stock through a proof-of-collateral mechanism.
The move expands Tokocrypto’s offering beyond conventional cryptocurrencies as digital asset platforms explore tokenisation of real-world assets.
Tokocrypto CEO Calvin Kizana said tokenised stocks allow investors to gain exposure to global equities without directly accessing overseas stock exchanges.
The launch comes as tokenisation gains traction in the digital asset industry, with blockchain-based products increasingly being used to represent traditional assets such as equities and other financial instruments.
Tokocrypto had more than 5.2 million users as of end-June 2026. Its user base grew by an average of 4-5% a month in the first half of the year, compared with roughly 3% monthly growth in Indonesia’s overall crypto investor base, according to Kizana.
