Jakarta. Robinhood Markets Inc. is set to enter Indonesia’s fast-growing capital and crypto markets through the planned acquisition of brokerage firm Buana Capital and licensed digital-asset trader Pedagang Aset Kripto, marking the US fintech giant’s first major push into Southeast Asia.

The deals, announced Monday, will give Robinhood a foothold in one of Asia’s most dynamic retail-investing hubs. Indonesia counted more than 19 million stock investors and 17 million crypto investors as of October 2025, driven by a surge of young, mobile-first traders. The benchmark Jakarta Composite Index has gained 21.5 percent year-to-date, among the strongest performances in ASEAN.

Crypto trading value reached Rp 409.56 trillion through October, with monthly transactions jumping 27.6 percent in October alone.

“Indonesia is a rapidly growing market for trading, making it an attractive place to continue our mission of democratizing finance,” said Patrick Chan, Robinhood’s head of Asia, at the Indonesia Stock Exchange. Buana Capital shareholder Pieter Tanuri will stay on as a strategic adviser after the deal closes.

Buana Capital President Director Benny Hardiman said the tie-up will expand access to global markets for Indonesians and help advance financial literacy. Robinhood, known for its zero-commission model, plans to eventually offer US stocks, global crypto assets, and other international instruments, subject to regulatory approval.

The Financial Services Authority (OJK) welcomed the move but stressed compliance with licensing rules, investor-protection standards, and data-security requirements. The Finance Ministry also described Robinhood’s arrival as timely, noting Indonesia’s push to modernize exchanges under the Financial Sector Omnibus Law.

Indonesia Stock Exchange Director Risa E. Rustam said the partnership combines Robinhood’s technology and global reach with Buana Capital’s regulatory expertise, supporting broader efforts to deepen financial inclusion.

The transactions remain subject to regulatory clearance and are expected to close in the first half of 2026.

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