The Financial Services Authority (OJK) is accelerating digital financial transformation by strengthening governance and developing an asset tokenization framework. This initiative was announced by Mirza Adityaswara, Deputy Chairman of the OJK Board of Commissioners, during the OECD Asia Roundtable on Digital Finance 2025 held in Bali on Tuesday, December 2.
Mirza highlighted that the collaboration between OJK and the Organisation for Economic Co-operation and Development (OECD) has evolved from policy dialogues and research into more strategic programs, including capacity building through secondments. This partnership now extends to encompass artificial intelligence (AI) and digital assets.
“This event is part of the strategic cooperation between OJK and OECD… This collaboration has now expanded to include the digital finance sector, embracing artificial intelligence and digital assets,” Mirza stated.
Beyond the OECD, the forum’s organization also signifies the ongoing cooperation between OJK and the Financial Services Commission (FSC) of Korea, formalized since 2016. According to Mirza, technologies like AI and tokenization are no longer emerging concepts but are integral to the global financial market architecture.
“The advancements in technology, including AI and tokenization, are no longer a future discourse but a present reality that is reshaping the architecture of global financial markets,” he emphasized.
Various international projections indicate a substantial increase in the global tokenization market, from US$0.6 trillion to a staggering US$18.9 trillion by 2033. The Asia Pacific region is poised to be a primary growth engine, exhibiting an annual growth rate exceeding 21% and recording the highest adoption rates for digital services, including cryptocurrencies, stablecoins, and decentralized finance (DeFi).
OJK’s Steps in Tokenization
To date, OJK has actively conducted trials of asset tokenization business models through its regulatory sandbox. The focus has been on the tokenization of real-world assets such as gold, property, and government securities. This year, several business models successfully passed the trials, signifying increasing market interest in fractional ownership and more accessible investment opportunities.
Hasan Fawzi, Chief Executive of OJK’s Supervision of Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets (IAKD), highlighted the forum’s importance as a platform for exchanging best practices. He believes it will strengthen tokenization development at both regional and global levels.
“We must continue to foster responsible innovation that effectively balances growth with consumer protection, market integrity, and the stability of the financial system,” Hasan affirmed.
OJK underscored the critical need for collaboration among regulators, industry players, and international organizations to build a robust and inclusive digital financial ecosystem. The forum is regarded as a pivotal moment to bolster regional synergy in accelerating the adoption of digital innovation.
The OECD Asia Roundtable on Digital Finance 2025 concluded with closing remarks from Fatos Koc, Head of Financial Markets at OECD, alongside Hasan Fawzi. The event saw the participation of over 40 representatives from foreign regulatory bodies, global industry leaders, and digital finance experts.
OJK expressed optimism that digital innovation can continue to evolve responsibly and adaptively to global dynamics. Through robust cross-country cooperation, OJK believes that digital transformation, including asset tokenization and the utilization of AI, will significantly enhance the competitiveness of the national financial services sector.
Summary
The Financial Services Authority (OJK) is accelerating digital financial transformation by strengthening governance and developing an asset tokenization framework. This initiative, announced at the OECD Asia Roundtable on Digital Finance 2025, underscores OJK’s expanded cooperation with the OECD, now encompassing artificial intelligence (AI) and digital assets. Technologies like AI and tokenization are increasingly integral to global financial markets, with the tokenization market projected to surge to US$18.9 trillion by 2033.
In line with this, OJK has actively conducted regulatory sandbox trials for real-world asset tokenization, including gold and property, with several business models successfully passing. OJK emphasizes the vital importance of collaboration among regulators, industry players, and international organizations to foster responsible innovation. This approach aims to balance growth with consumer protection, market integrity, and the stability of the financial system.
