Treasury digital gold investment platform officially provides crypto asset trading services. Treasury collaborates with Tokocrypto to offer crypto assets as an alternative investment besides gold.
In a virtual press conference today (03/6), Treasury’s CEO, Dian Supolo said that Indonesian people’s interest in digital assets has experienced significant growth in recent years. The Commodity Futures Trading Regulatory Agency (BAPPEBTI) noted that the Indonesian crypto asset investors has reached 4.45 million as of March 2021.
In addition, through this new service, his team wants to drive financial balance in digital asset transactions. He said, the concept of financial balance in asset diversification is the basic principle of financial management.
“We don’t just make crypto [investment] services because we don’t want users to only think about money. We also want to educate the public through our products,” Dian said.
Treasury partners with Tokocrypto because it is considered to have the same frequency, not only investing for the sake of profits, but also being responsible for creating a balanced investment culture.
On the same occasion, Tokocrypto’s Co-founder & CEO, Pang Xue Kai also said that this collaboration is expected to improve the crypto asset ecosystem as a better and safer alternative asset class in Indonesia.
“Many still assume that crypto trading is illegal in Indonesia, even though the government has unlocked the access. We encourage a safe crypto trading ecosystem here as we are trying to avoid potential money laundering,” Kai said.
In a general note, Tokocrypto is the first crypto platform in Indonesia to have a license from BAPPEBTI. In April 2021, Tokocrypto officially introduces Toko Token (TKO) which is the first local crypto project with a hybrid model (CeFi and DeFi) in Indonesia.
Previously, Pluang, which started as a gold investment application which later also diversified into crypto instruments. Pluang partners with Zipmex for strategic collaboration.
Crypto investment starts from Rp5,000
Treasury users can now buy and sell crypto assets starting at IDR 5,000. Currently, there are five options, including Bitcoin (BTS), Ethereum (ETH), Binance Coin (BNB), and Tether (USDT), while Toko Token (TKO) can be purchased in multiples of one token.
Dian said that Rp5,000 to start crypto investments are the ideal price for the Indonesian people. He said, this price should not interfere with the user’s money management for other needs, especially emergency funds.
Furthermore, his team currently offers five options as the Indonesian market enthusiasm for crypto is quite large. However, Dian added that there will be more options in the future. “We don’t want instant and rush to analyze data [on the market], everything has a process,” he said.
Just like other investments, users can buy and sell crypto assets through a piggy bank balance that can be top up via various available payment methods. Treasury also provides some features where users can check the total asset value or the details of each asset to an easy-to-understand profit/loss estimation.
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Original article is in Indonesian, translated by Kristin Siagian