Your fund. A new distribution channel. Zero change to your KIK.
We tokenize your existing money market fund or SBN bond strategy and distribute it through licensed Indonesian crypto exchanges. You change nothing about your fund. We handle everything downstream — tokenization, compliance, custody, distribution.
6–7%
SBN government bond yield — higher than global alternatives
Zero
Changes to your KIK, custodian bank, or fund administrator
~22M
Registered crypto investors in Indonesia — a new distribution channel
From agreement to go-live
12 weeks.
Week 1–4
Legal
Week 1–4
Legal
SPV incorporated, legal opinions (corporate, capital markets, tax), fund subscription agreement signed.
Week 3–6
Technical
Week 3–6
Technical
SSTS token deployed on Solana, NAV oracle pipeline built, PAKD API integration, distribution engine.
Week 7–12
Testing
Week 7–12
Testing
Devnet end-to-end flow, mainnet deployment, OJK sandbox readiness, limited user testing with PAKD group.
Week 12+
Go-live
Week 12+
Go-live
Product listed on PAKD. First subscription processed. Daily NAV on-chain. First yield distribution paid.
Architecture
The SPV owns your fund units. We tokenize the SPV. You change nothing.
Your fund never touches a blockchain. An Indonesian PT subscribes to your fund units as an institutional investor. The SPV issues tokens. TokenForge handles all digital infrastructure. The PAKD handles distribution. Your KIK stays intact.
Layer 1 — Your Fund (unchanged)
KIK contract · Custodian bank · Fund administrator · Daily NAB reporting
Layer 2 — The SPV (Indonesian PT)
Owns your fund units at the custodian bank · Issues SSTS tokens · Governed by UUPT
Layer 3 — TokenForge (tech layer)
SSTS token deployment · Compliance engine · NAV oracle · PAKD API integration · ICC custody
Layer 4 — Distribution (PAKDs)
Licensed Indonesian crypto exchanges distribute tokenized yield products through existing app experience
You keep doing
KIK · custodian bank · fund admin · NAB · portfolio management · OJK registration
We add
SPV incorporation · legal opinions · SSTS token · NAV oracle · PAKD integration · ICC custody
Your legal team
Two questions they'll ask. Two answers.
"Is this legally sound?"
The token represents fractional beneficial interest in an Indonesian PT — incorporated under UUPT. The SPV's sole asset is your fund units, held at your custodian bank. Token holders are beneficial owners. This is the same architecture DigiFT (MAS-licensed) uses for UBS and PIMCO funds on Bybit. We provide legal opinions from Indonesian capital markets counsel, a KJPP valuation, and a corporate law opinion. The token is a corporate ownership interest — not a security. Your fund's registration is untouched.
"What if TokenForge goes out of business?"
Smart contracts are non-upgradeable after deployment. Tokens exist on Solana independently of TokenForge. The SPV is a separate legal entity. Your fund units are held at your custodian bank, not by us. The SPV's articles include a successor service provider clause: token holders can vote to appoint a replacement. The PAKD and ICC can continue servicing token holders without us. Three layers of survivability: the public blockchain, the standalone SPV, and your regulated fund.
Zero upfront cost
TokenForge bears SPV incorporation, legal opinions, deployment, and integration. You earn incremental management fees on new AUM.
No KIK amendment
Your KIK governs fund manager-custodian-unitholder. The SPV is a unitholder. Same form. Same process. No OJK re-filing.
SBN bonds yield 6–7%. Distribution is stuck in bank branches.
Indonesia has ~22M registered crypto investors who want yield but never walk into a bank branch. UBS already tokenizes funds for Bybit. Let's build the Indonesian version — on your fund.