Less than a year after its launch in May 2025, digital asset platform FLOQ successfully secured a strategic investment totaling US$11.3 million. The funding was provided by a number of private investors and strategic institutions, including Ascent, Sharpbyte, HFX Group, MD Capital, and several other investors.

In addition to this funding milestone, FLOQ has accumulated 1.8 million registered users and received recognition from the CFX Crypto Exchange as the fastest-growing crypto asset trading platform.

The newly secured capital will be allocated to accelerate the company’s business expansion, including strengthening its technology infrastructure, enhancing system security, developing products and services, and reinforcing compliance with Indonesia’s digital asset industry regulations.

This achievement reflects investors’ strong confidence in FLOQ’s growth trajectory, the capabilities of its management team, and the long-term prospects of Indonesia’s digital asset industry. One of the key factors behind this confidence is the leadership of FLOQ’s CEO and Founder, Yudhono Rawis.

Prior to establishing FLOQ, Yudhono served as CEO of Tokocrypto, where he led the company through one of the most significant growth phases in Indonesia’s digital asset sector, culminating in its acquisition by Binance.

He also previously held strategic positions at Binance and served as Partner and Head of M&A at KPMG Indonesia, bringing more than a decade of experience in corporate strategy and financial services.

“We are deeply grateful for the trust our investors have placed in FLOQ. We recognize that current global market conditions remain challenging, and fundraising within both the technology and digital asset sectors is facing significant headwinds. Against this backdrop, FLOQ’s success in closing this strategic funding round serves as important validation of the company’s growth direction, the strength of our team, and the long-term potential of Indonesia’s digital asset industry,” said FLOQ CEO and Founder Yudhono Rawis in a written statement on Monday (June 8, 2026).

Yudhono added that FLOQ’s growth is measured not only by the increasing number of users but also by its ability to establish a solid business foundation, maintain sustainable operations, strengthen technological capabilities, ensure regulatory compliance, and build lasting user trust.

“We believe the future of this industry will be shaped by companies capable of combining innovation, sound governance, regulatory compliance, and a long-term commitment to user trust. FLOQ aims to be part of that journey,” he continued.

FLOQ is building its business foundation for a more mature regulatory era in Indonesia’s digital asset industry, in line with the transfer of oversight to the Financial Services Authority (OJK) and the broader integration of digital assets into the national financial system.

The company consistently places regulatory compliance, good governance, user protection, and transparency at the core of its platform development strategy.

Product Roadmap and Ecosystem Development

The funding will support three primary pillars of FLOQ’s product development strategy. First, the development of digital asset derivative products to serve both retail and institutional users.

Second, deeper integration with traditional financial institutions to provide Indonesian users with broader and more reliable access to financial services.

Third, the launch of FLOQ Academy, an educational and consumer protection initiative designed to improve digital asset literacy in Indonesia, encourage more informed investment and trading decisions, and raise awareness of risks and security best practices.

Supporting Indonesia’s Digital Economy

Indonesia possesses strong structural advantages as one of the world’s most promising digital asset markets, supported by a large young population, increasing digital adoption, and growing demand for more inclusive financial access.

FLOQ is committed to contributing to the growth of Indonesia’s digital economy, including supporting strategic initiatives such as the development of Rupiah-backed stablecoins and national programs aimed at expanding financial inclusion and financial technology adoption across society.

By combining product innovation, user education, and collaboration with stakeholders throughout the financial ecosystem, FLOQ seeks to create a broader impact—not only for industry growth but also for empowering Indonesians who have historically been underserved by conventional financial services.

Going forward, FLOQ will continue focusing on technological advancement, enhancing user experience, strengthening regulatory compliance, and expanding public access to digital asset services that are easier to understand and utilize.

With Indonesia’s digital asset industry continuing to grow, FLOQ remains optimistic that investor support and strategic partnerships will serve as key foundations for building a more inclusive, trusted, and sustainable digital financial ecosystem.