Indonesia is actively building a regulatory infrastructure for digital assets that mirrors traditional stock markets. The country boasts over 20 million cryptocurrency investors, more than double the number of stock traders. ICEx Group has successfully raised $70 million to establish the critical infrastructure for this burgeoning market.
JAKARTA, Indonesia, March 19, 2026 /PRNewswire/ -- ICEx Group has secured a comprehensive operational license from the Indonesian Financial Services Authority (OJK), positioning it to operate an integrated platform encompassing a digital asset exchange, central clearing house, and custody services. This regulatory framework makes Indonesia one of the few nations to apply traditional capital market structures to the cryptocurrency space.
Under OJK's regulatory requirements, every crypto asset transaction in Indonesia must pass through three distinct licensed entities: a regulated exchange (Bursa), a central clearing house, and an independent custodian. This model closely aligns with the architecture of traditional stock and derivatives markets.
ICEx Group was established to fulfill these three core roles. The group comprises International Crypto Exchange (ICEx), Crypto Asset Clearing International (CACI), and International Crypto Custodian (ICC), all of which have independently obtained OJK licenses.
Eleven major Indonesian exchanges, including Ajaib, Floq, Indodax, Mobee, Nanovest, OSL Indonesia, Reku, Samuel Kripto Indonesia, Tokocrypto, Triv, and Upbit Indonesia, have become founding shareholders of ICEx Group. Additionally, several major Indonesian conglomerates and international exchanges participated as strategic investors in the approximately 1 trillion Indonesian Rupiah (around $70 million) funding round.
This mandatory structural design aims to reduce counterparty risk and enhance capital efficiency. As founding exchanges integrate their trading processes into ICEx's clearing and custody systems, the infrastructure will immediately cover their combined user base of 20 million.
The Indonesian market presents a rare combination of opportunities: a massive retail user base, an open regulatory environment, and established underlying infrastructure capable of supporting institutional-grade demand. ICEx Group is also exploring innovative projects such as the tokenization of regulated real-world assets and a national stablecoin. The company is set to hold a grand launch ceremony in Jakarta on April 2, 2026.
PT Fortuna Integritas Mandiri, operating under the brand International Crypto Exchange (ICEx), is a digital asset exchange licensed by the OJK. Following the issuance of its crypto exchange business license by the Financial Services Authority (OJK) under Decree No. KEP-2/D.07/2026 on January 5, 2026, the exchange has officially commenced operations.
About ICEx Group
ICEx Group is Indonesia's leading digital asset market infrastructure developer, committed to establishing the nation's first integrated Self-Regulatory Organization (SRO) ecosystem under OJK supervision. The group comprises three licensed entities: ICEx (Digital Asset Exchange, KEP-2/D.07/2026), CACI (Clearing Services, KEP-12/D.07/2026), and ICC (Institutional Custodian, KEP-11/D.07/2026). ICEx Group is dedicated to enhancing investor protection and fostering the sustainable growth of Indonesia's regulated digital economy.