Best crypto money-market funds in Indonesia
Spiko US T-Bills Money Market Fund (USTBL) ranks highest in ChainChoice’s published money-market funds ranking among the providers that list Indonesia. World's 4th-largest population with deep retail crypto adoption. OJK has supervised crypto assets as digital financial assets since 10 January 2025, taking over from the commodity regulator Bappebti.
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Accountable for this review: Mathias Siemonsmeier, Founder.
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Which crypto money-market fund should Indonesia residents use in November 2026?
Spiko US T-Bills Money Market Fund (USTBL) ranks highest in ChainChoice’s published money-market funds ranking among the providers that list Indonesia. The order is the published ranking itself; providers whose terms exclude Indonesia are removed. Check authorisation with OJK before depositing.
- Indonesia residents holding capital in IDR
- Users who need OJK-aligned compliance and audit-grade reporting
- Buy-and-hold profiles benefiting from Indonesia's tax treatment
- Sophisticated retail and family-office treasurers
- Derivatives / perpetuals traders (use a regulated futures venue instead)
- Privacy-focused users avoiding KYC (these are licensed venues)
- Day-traders chasing the lowest spreads regardless of regulator posture
- Anyone needing a service OJK does not currently authorise
General guidance for Indonesia: the ranking engine does not compute these notes and they do not change the order below. If none fits you, answer the Find My Best questions for a result for your profile.
5 money-market funds listed for Indonesia
In ChainChoice’s published ranking order, from this category’s 8 providers: those whose terms exclude Indonesia are removed; those silent on it come last. Each chip names the basis: a dated check, a region listing, or the provider's own claim.
#1 for IndonesiaSpiko US T-Bills Money Market Fund (USTBL)#1 globallyProvider states broad availability A French-domiciled money market fund approved by the AMF, with a one-dollar minimum and an ISIN, distributed by Spiko and managed by Twenty First Capital.
Regulator and registration number — 10/10Published fee against fund yield — 8/10Portfolio and liquidity rules — 8/10#2 for IndonesiaFidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT)#2 globallyProvider states broad availability A Rule 2a-7 registered money market fund with a dedicated on-chain share class whose blockchain record is explicitly secondary to the transfer agent's book-entry register.
Regulator and registration number — 10/10Portfolio and liquidity rules — 9/10Published fee against fund yield — 8/10#3 for IndonesiaJanus Henderson Anemoy Treasury Fund (JTRSY)#4 globallyProvider states broad availability A BVI professional fund open only to non-US professional investors, whose token is prima facie evidence of ownership under BVI law.
Token as the share of record — 8/10Published fee against fund yield — 4/10#4 for IndonesiaBlackRock USD Institutional Digital Liquidity Fund (BUIDL)#6 globallyProvider states broad availability A British Virgin Islands limited company sold under a Section 3(c)(7) private-placement exemption, tokenised across nine networks by Securitize.
Token as the share of record — 6/10Regulator and registration number — 3/10#5 for IndonesiaCircle USYC (Hashnote International Short Duration Yield Fund Ltd)#7 globallyProvider states broad availability A Cayman Islands mutual fund whose shares sit with a transfer agent and are mirrored on chain as ERC-20 digital twins, issued by a Bermuda-regulated Circle entity.
Token as the share of record — 3/10Published fee against fund yield — 3/10
Commission: None of these providers pays ChainChoice anything for these links. Disclosure
Facts only in your country: local rules on promoting crypto-asset products are under review, so ChainChoice shows no sign-up links and earns no referral fees here.
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by Token as the share of record · 30% (Spiko US T-Bills Money Market Fund (USTBL) 6/10, Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) 3/10, Janus Henderson Anemoy Treasury Fund (JTRSY) 8/10)Scored by Portfolio and liquidity rules · 20% (Spiko US T-Bills Money Market Fund (USTBL) 8/10, Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) 9/10, Janus Henderson Anemoy Treasury Fund (JTRSY) 4/10)
- Regulatory failure: no licence where you are, or a forced market exit.Scored by Regulator and registration number · 28% (Spiko US T-Bills Money Market Fund (USTBL) 10/10, Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) 10/10, Janus Henderson Anemoy Treasury Fund (JTRSY) 2/10)
Each cell is verified against the provider's filings or the OJK register; a gap shows "—", never an estimate.
| Provider | Taker fee in Indonesia | KYC tier | IDR rails | OJK license |
|---|---|---|---|---|
| #1Spiko US T-Bills Money Market Fund (USTBL) | — | — | — | — |
| #2Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) | — | — | — | — |
| #3Janus Henderson Anemoy Treasury Fund (JTRSY) | — | — | — | — |
| #4BlackRock USD Institutional Digital Liquidity Fund (BUIDL) | — | — | — | — |
| #5Circle USYC (Hashnote International Short Duration Yield Fund Ltd) | — | — | — | — |
Source: ChainChoice provider catalog cross-referenced with the OJK register; each fee as of its entry's latest verification (accuracy methodology).
Is using a crypto money-market fund legal in Indonesia?
Yes. Crypto money-market funds are regulated in Indonesia by Otoritas Jasa Keuangan (OJK, Financial Services Authority). Always verify a platform's licensing status with OJK before transacting.
How is crypto taxed in Indonesia?
Crypto transactions are subject to a 0.1% income tax + 0.11% VAT on each trade. Treated as a commodity, not a security. Editorial summary, not tax advice: consult a qualified tax advisor in Indonesia before filing.
What payment methods work for buying crypto in Indonesia?
The most common rails for retail onramps in Indonesia are: Bank transfer, GoPay, OVO, DANA. Most regulated platforms support at least the first of these. Card payments may incur 2-4% fees vs. ~0.5% for bank transfers.
Are international platforms (Coinbase, Kraken, Binance) available in Indonesia?
Availability varies by platform and product. Indonesia has its own licensing regime under OJK, and not every global platform is registered. The shortlist above removes platforms whose terms exclude Indonesia; the chip on each row says whether availability is verified, listed or unstated.