In the rapidly evolving world of digital finance, PT Indokripto Koin Semesta Tbk (COIN) has emerged as a pioneering force in Indonesia’s regulated crypto derivatives ecosystem. As the company prepares for its e-IPO listing, investors are closely analyzing its business model, financial performance, and long-term growth potential. This in-depth review explores COIN’s corporate structure, IPO details, financial health, and strategic positioning in the booming Indonesian crypto market.
Profil Singkat Emiten
PT Indokripto Koin Semesta Tbk (COIN) is a holding company with strategic investments in key players within Indonesia’s digital asset infrastructure. Its primary subsidiaries include PT Central Finansial X (CFX), a regulated Crypto Futures Exchange, and PT Kustodian Koin Indonesia (ICC), a licensed Crypto Custodian service provider.
Established in 2022, COIN operates at the core of Indonesia’s growing digital asset economy by providing management consulting, strategic planning, and financial advisory services to its subsidiaries. This integrated approach ensures operational efficiency, regulatory compliance, and technological innovation across its ecosystem.
👉 Discover how COIN is shaping Indonesia's crypto future with secure, regulated trading platforms.
What sets COIN apart is its regulatory legitimacy. CFX holds official approval from BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) as both a Futures Exchange and Crypto Asset Exchange, making it one of the first fully regulated entities of its kind in the country. Meanwhile, ICC plays a critical role in securing digital assets, offering transparent custody solutions that support clearing houses and licensed crypto traders nationwide.
This dual focus on exchange infrastructure and secure asset storage positions COIN as a foundational pillar in Indonesia’s journey toward a safer, more transparent digital financial system.
Detail IPO Saham COIN
COIN’s public debut comes via an e-IPO (electronic Initial Public Offering), allowing retail investors direct access to shares through digital platforms. The company plans to issue up to 2,205,882,400 common shares at a nominal value of IDR 100 per share, priced between IDR 100 and IDR 105.
This offering represents 15% of the post-IPO total capital, potentially raising up to IDR 231.61 billion in fresh funding. Proceeds will be strategically allocated to strengthen the operations of its subsidiaries—CFX and ICC—with a strong emphasis on technology infrastructure and market development.
Post-IPO ownership will remain diversified, with major shareholders including:
- PT Megah Perkasa Investindo (23.98%)
- PT Bahana Nusantara Indojaya (19.93%)
- Individual investor Ir. H. Budi Mardiono (7.93%)
The public will hold 15%, reflecting broad market participation. The IPO is underwritten by PT Ciptadana Sekuritas Asia, which has committed full underwriting support to ensure successful placement.
Jadwal Penawaran Saham IPO COIN
The e-IPO process follows a structured timeline designed for transparency and investor readiness:
- Book Building Period: June 23 – 25, 2025
- Effective Date: June 30, 2025
- Public Offering Period: July 2 – 7, 2025
- Allotment Date: July 7, 2025
- Share Distribution: July 8, 2025
- Listing on IDX: July 9, 2025
This schedule aligns with regulatory requirements and gives investors ample time to evaluate the prospectus before committing funds.
Rencana Penggunaan Dana IPO Saham COIN
A well-defined capital allocation strategy underscores COIN’s disciplined approach to growth:
85% to PT Central Finansial X (CFX)
Funds will be injected into CFX for operational expenditures, broken down as:
- 45% for technology infrastructure: cloud services, cybersecurity, and platform scalability.
- 40% for liquidity provisioning: ensuring stable market conditions and secure crypto asset storage.
- 15% for general administrative costs: including public education on blockchain technology, research & development, and ecosystem expansion.
15% to PT Kustodian Koin Indonesia (ICC)
Investment in ICC will focus on:
- 80% for tech infrastructure: blockchain wallet providers, IT security, and cloud systems.
- 20% for operations and outreach: monitoring derivative transactions, public literacy programs, and marketing initiatives.
This allocation highlights COIN’s commitment to building a resilient, secure, and user-centric digital asset ecosystem.
Kinerja Laporan Keuangan COIN
COIN’s financial performance reveals remarkable momentum. Despite being founded recently, the company turned profitable within two years:
- Revenue (2024): IDR 101 billion
- Revenue (2023): IDR 36 million
→ A staggering YoY growth of 281,255%
This explosive revenue growth translated into solid profitability:
- Gross Profit: IDR 39 billion (from a loss of IDR 646 million in 2023)
- Net Profit: IDR 43 billion
The dramatic turnaround reflects increasing adoption of crypto trading services and effective cost management across its platforms.
Rasio Keuangan COIN
Key financial ratios confirm COIN’s strong fundamental health:
- Net Profit Margin (NPM): 42.42% — indicating high profitability relative to revenue.
- Return on Assets (RoA): 2.81% — efficient use of assets to generate earnings.
- Return on Equity (RoE): 3.33% — effective equity utilization.
- Debt-to-Asset Ratio (DAR): 1.53x
- Debt-to-Equity Ratio (DER): 1.81x — balanced leverage with room for future financing.
These metrics suggest a financially sound company poised for sustainable expansion.
Kebijakan Dividen Saham COIN
COIN adopts a forward-looking dividend policy aimed at rewarding shareholders while preserving capital for growth. Starting from the 2026 fiscal year, the company intends to distribute up to 70% of annual net profits as cash dividends after mandatory reserves.
Dividend decisions will depend on:
- Operational results
- Cash flow stability
- Future business development plans
This flexible yet investor-friendly policy balances reinvestment needs with shareholder returns.
Prospek Bisnis COIN
Prospek Industri dan Perekonomian Nasional
Indonesia’s digital economy is accelerating rapidly. With 79.5% internet penetration (221.5 million users in 2023), the foundation for fintech innovation is robust. Government initiatives promoting digital transformation—especially in financial services—are creating fertile ground for companies like COIN.
Blockchain adoption is rising across sectors such as payments, supply chain tracking, and digital identity verification. As more businesses integrate decentralized technologies, demand for secure trading and custody platforms will continue to grow.
Prospek Industri Kripto
Indonesia ranks 3rd globally in grassroots crypto adoption (Global Crypto Adoption Index 2024), up from 7th in 2023. The number of local crypto investors reached 22.91 million by December 2024, growing at an average of 400,000 new users per month.
Market activity surged in 2024, with transaction volumes hitting IDR 650.61 trillion, driven by renewed interest following Bitcoin’s all-time highs. Factors fueling this trend include:
- A young, tech-savvy middle class with rising disposable income
- Historical currency volatility pushing demand for alternative assets
- Increasing access to global investment opportunities
- Supportive regulatory frameworks
👉 See how global crypto trends are creating new opportunities in emerging markets like Indonesia.
Potensi dan Peluang di Kemudian Hari
The Indonesian government is actively exploring Web3 technologies, including blockchain, NFTs, and decentralized finance (DeFi). Regulatory frameworks are being refined to encourage innovation while managing risks—creating a conducive environment for compliant players like COIN.
As Web3 expands into areas like digital ownership, tokenized assets, and smart contracts, COIN’s infrastructure can serve as a gateway for mainstream adoption.
Keunggulan Kompetitif
COIN enjoys several strategic advantages:
- First-Mover Advantage: CFX was the first regulated platform to launch crypto derivatives in Indonesia.
- Regulatory Compliance: Full licensing from BAPPEBTI enhances trust and credibility.
- Brand Leadership: Early entry has helped build strong brand recognition.
- Integrated Ecosystem: Combines exchange and custody services under one holding group.
- Industry Standard Setter: Helps define best practices for secure and transparent trading.
These strengths position COIN as a market leader rather than just a participant.
Frequently Asked Questions (FAQ)
What is PT Indokripto Koin Semesta Tbk (COIN)?
COIN is a holding company investing in Indonesia’s first regulated crypto futures exchange (CFX) and a licensed crypto custodian (ICC), focusing on secure digital asset trading and storage.
Is COIN’s IPO open to retail investors?
Yes, the e-IPO allows individual investors to participate directly through electronic trading platforms.
How much funding will COIN raise from the IPO?
Up to IDR 231.61 billion from issuing 2.2 billion shares priced between IDR 100–105.
What are the main risks of investing in COIN?
Like all emerging fintech firms, COIN faces regulatory changes, market volatility, cybersecurity threats, and competition—though its licensing reduces some risks.
When will COIN be listed on IDX?
The expected listing date is July 9, 2025, pending final approvals.
Does COIN pay dividends?
Starting in 2026, COIN plans to distribute up to 70% of annual net profits as cash dividends.
Kesimpulan
PT Indokripto Koin Semesta Tbk (COIN) represents a unique opportunity in Indonesia’s capital markets: a financially healthy, regulatorily compliant player at the forefront of the nation’s digital asset revolution. With explosive revenue growth, a clear path to profitability, and strategic investments in technology and education, COIN is well-positioned for long-term success.
Its integrated model—combining exchange and custody services—alongside strong governance and first-mover advantage—makes it a compelling addition to any forward-looking investment portfolio.
👉 Stay ahead of the next wave of digital finance innovation—track emerging leaders like COIN today.