**Bank Indonesia Plans Digital Rupiah Launch by 2030 with Phased Testing Starting 2025**
Bank Indonesia has unveiled ambitious plans to launch a digital version of the Rupiah by 2030, marking a significant step towards modernizing the country’s financial infrastructure. The initiative will begin with phased testing starting in 2025, focusing on digital securities issuance, monetary operations, and incorporating advanced cryptocurrency features.
Led by Governor Perry Warjiyo, the project aims to leverage distributed ledger technology (DLT) and tokenization to create a more efficient and programmable monetary framework. The initial phase will concentrate on issuing digital securities, which will serve as the foundation for broader financial transactions in subsequent stages.
“We will issue Bank Indonesia securities in digital form — the digital rupiah — with underlying SBN, Indonesia’s national version of a stablecoin,” said Perry Warjiyo, Governor of Bank Indonesia.
### A Milestone in Indonesia’s Financial Innovation
This move positions Indonesia at the forefront of digital finance innovation in Asia, potentially transforming how financial markets operate and enhancing efficiency. By integrating programmability and tokenization, Bank Indonesia seeks to reshape the country’s monetary system and promote greater adoption of distributed ledger technology.
### Indonesia Joins the Asian CBDC Movement
Indonesia’s efforts mirror similar initiatives in the region, with countries like China and Hong Kong actively developing Central Bank Digital Currency (CBDC) trials. These projects aim to strengthen local currency infrastructure and reduce reliance on assets pegged to the US Dollar.
### Market Snapshot: Ethereum (ETH)
As Indonesia explores blockchain technology for its digital rupiah, it is worth noting current trends in the wider cryptocurrency market. Ethereum (ETH) is trading at $3,879.52, with a market capitalization of $468.25 billion as of November 2, 2025. Despite a recent 0.74% increase over 24 hours, ETH has experienced a 10.54% decline over the past 60 days, according to CoinMarketCap data.
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Bank Indonesia’s digital rupiah initiative underscores Indonesia’s commitment to embracing the future of money and finance through cutting-edge technology and strategic innovation.
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