Recently we witnessed a soaring interest in digital assets in Indonesia, as seen from the exponential increase of investor numbers and the transaction volume. The surging interest must be tied closely with a thorough education of its potentials and risks that come with the products’ purchasing decision. Hence, Treasury encourages implementing the Financial Balance concept in digital asset transactions during the launch of Crypto Assets on its platform.
The latest service on its app would be an alternative deposit and Digital Physical Gold within one platform. In enabling this, Treasury collaborates with one of the largest crypto platforms in Indonesia, Tokocrypto. Tokocrypto itself operates under the permit issued by the Commodity Futures Trading Regulatory Agency (BAPPEBTI).
“We believe that education about crypto assets is paramount, particularly within the current landscape with high enthusiasm from the market. With the Financial Balance concept, we’d like to educate the public to use only “idle funds” when deciding to purchase digital assets. The purchase should come from their pocket money or holiday fund, not the daily living cost or the basic fund allocation, such as emergency money or education budget. We also want to educate our users on the potential gain or loss in every digital asset purchase, including crypto assets, so that they can prepare their money management better. We commit to continuously inform our users on this Financial Balance concept, along with the Master Financial Planner, Safir Senduk,” said Dian Supolo, Co-Founder & CEO of Treasury, during the launch.
“Financial Balance concept in assets diversification is the basic principle of the money management, which should be tailored based on each user’s financial goals and risk profile. Hence, this collaboration excites me, because it is very rare for a brand or company to commit in providing a continuous education on potentials and risks of their transaction on the company’s platform,” cited Master Financial Planner, Safir Senduk.
Similar to what we offer in digital-physical gold, the crypto asset service on the Treasury platform also provides a wide selection of coins with a high transaction volume, licensed, and can be purchased starting from IDR 5,000. The coin listed, namely, Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Tether (USDT), while users can purchase Toko Tokens (TKO) in multiples of one token.
The affordable prices would allow everyone to access the Crypto Assets using their “idle funds” and not their daily living cost or money for their immediate future needs. They can also choose the digital-physical gold deposit, which is considered a safe-haven asset.
This service comes with a user-friendly interface, even for beginners. Users can see the total asset value or details of each asset owned, equipped with an estimated profit/loss with an easy-to- understand percentage explanation. To purchase, users only need to top up their “Celengan” balance, an e-wallet of Treasury platform, using the various payment methods provided.
Similar to the digital-physical gold transactions, the purchasing fees of crypto assets in the platform are also informed openly and transparently. Buying and selling crypto assets in Treasury can be done 24/7, in real-time. Moreover, Treasury also provides responsive and ready-to-serve customer service, which adds to the convenience of transactions.
“Tokocrypto and Treasury share the same value and goal: to reach more people and support their financial goals through effective crypto asset trading services. This collaboration provides a space for us to educating and increasing understanding of the importance of asset diversification. Similarly, we strongly suggest each user have well-planned money management when they have decided to allocate some amounts in the crypto assets,” said Pang Xue Kai, Co-Founder & CEO of Tokocrypto.
“We hope that through this consistent Financial Balance education through multiple communication channels that we have, more people will be able to understand their financial profiles, determine financial goals priorities, and understand how to place a proportional portfolio and the risks in digital asset transactions, especially crypto assets,” cited Dian.
Started operating in November 2018, Treasury is an online platform that offers deposits of Digital Physical Gold, Jewelry, and Crypto Assets which can be accessed by downloading the Treasury application via Google Playstore and Apps Store. Moreover, Treasury also provides “Koin Nusantara” for people who crave 24 karat gold in beautiful designs and rich in Indonesian cultural values.
Treasury provides a variety of payment options to buy gold and fill the piggy bank balance through Virtual Accounts such as BCA, BNI, Mandiri, BRI, and others, Bank Transfers via ATM Bersama, digital wallets via GOPAY, OVO, Dana, LinkAja, Jenius Pay, and ShopeePay as well as offline channels via Alfamart, Alfamidi, Lawson, and Dan +Dan.
To maintain customer security, Treasury cooperates with the Indonesia Clearing House (ICH) as the registrar and guarantor of every transaction made by the user. All gold purchased by users is appropriately stored in PT Untung Bersama Sejahtera (UBS) as a gold provider transacted on the Treasury platform.
Treasury has also been registered as a member of the Indonesia Commodity & Derivative Exchange (ICDX), as one of the requirements issued by the Commodity Futures Trading Regulatory Agency (BAPPEBTI), as the regulator of Digital Physical Gold trading in Indonesia based on the Head of BAPPEBTI Regulation No. 13 of 2019.
Treasury has obtained a registration certificate for the electronic system operator from the Ministry of Communication and Information of the Republic of Indonesia. In addition, Treasury has also become a member of AFTECH (Indonesian Fintech Association), an umbrella association for companies and financial institutions that maximize the role of technology in their business.