Robinhood Markets, Inc. announced on December 7 its definitive agreements to acquire an Indonesian brokerage firm and a licensed digital asset trader, marking a significant entry into one of Southeast Asia’s fastest-growing retail investment markets.
The U.S. trading giant has agreed to purchase PT Buana Capital Sekuritas, a local brokerage, and PT Pedagang Aset Kripto, a regulated digital financial asset trader. The move provides Robinhood with an immediate, dual regulatory advantage in a country with over 19 million capital market investors and 17 million crypto users.
Robinhood’s Head of Asia, Patrick Chan, stated that Indonesia’s rapid growth in trading activity makes it a “natural fit” for the company’s mission to democratize finance. The acquisition secures both a brokerage license and a crypto trading license, positioning Robinhood to expand swiftly across stocks and digital assets.
The seller, Pieter Tanuri, who is the majority owner of both acquired entities, will remain involved as a strategic advisor.
-
Immediate Plans: Following the expected close, Robinhood will continue Buana Capital’s existing brokerage services, offering Indonesian financial products.
-
Long-Term Goal: The ultimate aim is to offer Indonesian customers access to U.S. equities, cryptocurrencies, and other products through Robinhood’s global platform at scale.
The transactions are subject to customary closing conditions, including approvals from the Indonesian Financial Services Authority (OJK), and are expected to be finalized in the first half of 2026.
Indonesia is a highly sought-after target for digital finance firms, driven by its large, young, and mobile-first population, which has embraced crypto adoption, with the country ranking as a top global crypto market.
This expansion aligns with Robinhood’s broader global and crypto strategies, which recently saw the company complete its acquisition of global crypto exchange Bitstamp. Robinhood has also recently focused on product acceleration, including launching its custom layer-2 network on Arbitrum (ARB), which enables 24/7 trading of tokenized U.S. stocks and ETFs, and expanding its controversial prediction markets (event contracts) through a partnership with Kalshi.
