MEXC Ventures, the venture capital division of the international cryptocurrency exchange MEXC, has made a significant equity investment in Triv, a licensed Indonesian crypto trading platform, valuing the company at $200 million. This investment is structured solely as equity, without any digital tokens or convertible securities, demonstrating MEXC’s strategic commitment to expanding its reach within regulated markets in Southeast Asia.
This agreement will empower Triv to expand its product line, bolster its liquidity, and upgrade its infrastructure, all while maintaining complete operational autonomy.
Leo Zhao, Investment Director at MEXC Ventures, pointed to Triv’s robust adherence to regulations, sizable customer base, and well-developed infrastructure as pivotal reasons for the investment. He characterized Triv as a “compelling prospect” and a “logical partner for a long-term strategic alliance.” The investment supports MEXC’s overarching objective of supporting local exchanges that prioritize regulatory compliance in rapidly expanding markets.
Established in 2015, Triv is a leading crypto platform in Indonesia. It provides services like spot trading, staking options, and derivative products to a user base exceeding three million registered individuals. In addition to trading, Triv operates a cryptocurrency-focused media outlet, CryptoWave, and supports over 1,000 different digital assets, including prominent cryptocurrencies and synthetic versions of U.S. stocks.
This investment arrives at a crucial time for the Indonesian cryptocurrency market. The country has implemented a revised tax system that levies a 0.21% income tax on digital asset sales executed through domestic exchanges and a 1% tax on transactions conducted via foreign platforms. Crypto’s reclassification as a financial asset instead of a commodity indicates a shift toward a more structured regulatory framework. Furthermore, responsibility for crypto regulation is being transferred from BAPPEBTI to the Financial Services Authority (OJK), indicating a transition toward a more formal, institutionalized stage for the industry.
Zhao underlined that the timing of this investment coincides with MEXC’s drive to expand within regulated markets that possess substantial growth potential. This agreement constitutes part of a larger strategy to support regional leaders capable of achieving sustainable growth while preserving their brand identity and regulatory compliance.
Triv anticipates that this partnership will improve its user services through enhanced reliability and a broader array of product offerings, all while maintaining the independence and trustworthiness that have characterized its operations for the past nine years. MEXC Ventures has not disclosed the precise amount of the investment due to confidentiality agreements with Triv.
This strategic move strengthens MEXC’s foothold in developing economies and emphasizes the rising significance of Southeast Asia within the global cryptocurrency sector. With increasing regulatory clarity, greater institutional involvement, and growing user adoption, this region presents a favorable setting for long-term strategic investments.
Source: [1] MEXC Pushes into Southeast Asia With Deal Valuing Indonesian Exchange at $200 Million (https://decrypt.co/333590/mexc-indonesian-exchange-200-million-valuation)