ICEx Group has secured comprehensive licenses from Indonesia's Financial Services Authority (OJK) to operate an integrated digital asset exchange, clearing house, and custody provider, completing a regulatory structure that makes Indonesia among a small number of jurisdictions applying traditional capital-markets architecture to cryptocurrency.

 Under Indonesia's framework, overseen by OJK, every crypto transaction must pass through three distinct licensed layers: a regulated exchange (Bursa), a central clearinghouse, and an independent custodian—mirroring the architecture of conventional stock and derivatives markets.

ICEx Group was built to fill all three roles. The group comprises International Crypto Exchange (ICEx), Crypto Asset Clearing International (CACI), and International Crypto Custody (ICC), each independently licensed by OJK.

Eleven of Indonesia's largest exchanges—including Ajaib, Floq, Indodax, Mobee, Nanovest, OSL Indonesia, Reku, Samuel Kripto Indonesia, Tokocrypto, Triv, and Upbit Indonesia—are founding shareholders, with participation from some of Indonesia's biggest conglomerates and global exchanges as strategic investors. The consortium raised approximately Rp 1 trillion ($70 million).

"Indonesia's regulation requires this three-layer infrastructure to exist. The 11 exchanges chose to own it collectively rather than depend on a third party," said Pang Xue Kai, CEO of ICEx Group.

The mandated structure reduces counterparty risk and capital inefficiency. As the founding exchanges route through ICEx clearing and custody, the infrastructure reaches its combined 20-million-strong user base immediately.

Indonesia presents a rare convergence: massive retail adoption, regulatory openness, and now institutional plumbing to match. ICEx Group is also exploring regulated real-world asset tokenization and national stablecoin initiatives. The company will host its Grand Launch on April 2 2026, in Jakarta.