Ecosystem Roundup: Indonesia set for US$88B tokenisation boom by 2030 | India levies US$25M fine on Facebook | Portcast secures US$6.5M

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Ecosystem Roundup: Indonesia set for US$88B tokenisation boom by 2030 | India levies US$25M fine on Facebook | Portcast secures US$6.5M - e27

Quick Summary:

NEWS & VIEWS Dear reader, A groundbreaking report titled “Project Wira”, jointly released by BRI Ventures, Saison Capital, D3 Labs, and Tiger Research, predicts a remarkable surge in Indonesia’s tokenised asset market.

The study forecasts that demand in this emerging sector could skyrocket to US$88 billion by 2030.

That number might sound familiar, as the WSJ previously reported on a ByteDance buyback offer at a US$300 billion valuation back in September 2022; But a year later, the company’s valuation had reportedly fallen 26% to US$223B.