Indonesian crypto startup IDRX has successfully raised $300,000 (approximately Rp4.8 billion) in a pre-seed funding round. This capital injection aims to accelerate the development of a rupiah-backed stablecoin designed to transform digital transactions within Indonesia and beyond.

Strategic Investment Led by eMerge and Key Industry Players

The funding round was spearheaded by eMerge, the early-stage venture capital arm of PT Telkom Indonesia Tbk (TLKM). IDRX also attracted backing from prominent industry partners such as Indonesia’s Indodax and global blockchain firms Lisk and Camp Investment Technologies.

Mouloukou, CEO and Co-founder of Mansa Finance, commented, “It is an honor for us to support the IDRX team. Nathanael (CEO & Co-Founder Nathanel Christian) is one of the most exceptional founders I have met, and with his team, they are building a rupiah stablecoin with the potential to redefine the role of local currency in the global digital economy.”

Echoing this sentiment, Mouloukou added, “eMerge is highly enthusiastic about supporting IDRX as a pioneer stablecoin in Indonesia. We believe IDRX will play a crucial role in facilitating efficient, transparent, and affordable cross-border B2B transactions, particularly in rapidly growing trade regions.”

IDRX’s Role in Advancing Rupiah-Based Stablecoins and Digital Transactions

As a stable digital asset, IDRX aims to bridge gaps in traditional financial systems by reducing barriers and enabling smooth business transactions. Sarah Usman, Partner at eMerge by MDI Ventures, noted, “With the ecosystem’s growth, we expect IDRX to bring more utility and convenience to transactions, extending to decentralized financial systems and cementing its role as a foundation for Indonesia’s digital economy.”

Launched in early 2024, IDRX has recorded transaction volumes exceeding $90 million (Rp1.4 trillion), reflecting strong user community acceptance. The platform integrates minting and redemption services to convert rupiah to IDRX seamlessly and transparently, targeting institutional adoption alongside regulators, financial institutions, and developer communities.

Strengthening Security, Compliance, and National Crypto Infrastructure

The newly secured funding will bolster IDRX’s security infrastructure and enhance regulatory compliance. These steps are critical to ensure that operational activities remain safe, transparent, and aligned with industry standards.

IDRX’s CEO Nathanel Christian emphasized, “For us, it’s not just about building technology but accelerating rupiah adoption across digital transactions to speed Indonesia’s economic transformation towards digital sovereignty. Supported by strategic partners, we believe IDRX can form a solid foundation for digital financial transformation in the country.”

Collaborative Vision for Indonesia’s Digital Financial Sovereignty

Looking ahead, IDRX commits to being a strategic government partner in fostering a stablecoin ecosystem aligned with Indonesia’s macroeconomic policies. Nathanel highlighted the importance of cross-sector collaboration, “We believe a resilient digital financial infrastructure requires cooperation across private sectors, regulators, and government institutions. Thus, IDRX prepares to be ready technically, regulatory-wise, and in public education when collaboration opportunities arise.”

With its collaborative approach, robust governance, and reliable technology, IDRX is positioned to support Indonesia’s crypto adoption with a spirit of sovereignty, transparency, and sustainability.

PHOTO: IDRX

This article was created with AI assistance.