Jonathan Hartono, Senior Strategy & Business at PT Pintu Kemana Saja (PINTU), shared key narratives in the crypto industry that will shape its future direction. These insights were revealed during the Web3 Week Asia 2025 crypto community event with the theme “The Capital’s Crypto Conference.”
According to Jonathan, over the past three years, significant clues have emerged in the crypto industry, including the unlocking of infrastructure and regulations such as the Exchange-Traded Fund (ETF), the GENIUS Act for stablecoins, and the tokenization of Real-World Assets (RWA).
The approval of the spot Bitcoin ETF product in the United States by the Securities and Exchange Commission in January 2024 was a pivotal moment, with inflows reaching USD 5.95 billion on October 7, 2025, equivalent to nearly Rp100 trillion.
Furthermore, the enactment of the GENIUS Act regulating stablecoins into law by President Donald Trump in July aimed to strengthen the dominance of the US dollar. This is expected to unlock use cases for stablecoins, potentially transforming the international financial industry in the coming five to ten years.
Looking ahead, Jonathan emphasized the significant potential of RWA tokenization in Indonesia, following Otoritas Jasa Keuangan (OJK)’s recent opening of discussions on regulation. Early adopters have already shown interest in tokenization, and it is hoped that Indonesia’s abundant natural resources can be tokenized to positively impact the country’s economy.
