Jonathan Hartono, Sr. Strategy & Business of PT Pintu Kemana Saja (PINTU), shared key narratives shaping the future direction of the crypto industry at the Web3 Week Asia 2025 event themed “The Capital’s Crypto Conference.” According to him, the crypto industry has seen significant developments in the past three years, including the unlocking of infrastructures and regulations such as the approval of the spot Bitcoin ETF in the US and the approval of the GENIUS Act for stablecoins. He emphasized the importance of adaptation to changes in the industry, as innovations and key factors are already in place.
The first narrative highlighted by Jonathan is the approval of the spot Bitcoin ETF in the US, which received approval from the Securities and Exchange Commission in January 2024. The influx of funds on October 7, 2025, exceeded USD 5.95 billion, demonstrating strong interest and investment in the sector.
The second narrative focuses on the GENIUS Act, signed into law by former US President Donald Trump in July, which aims to boost the dominance of the US dollar. This act is expected to unlock the use cases of stablecoins, potentially transforming the international financial industry in the next five to ten years.
Lastly, Jonathan discussed the potential of Real-World Asset (RWA) tokenization, which has recently been introduced in Indonesia by the Financial Services Authority (OJK). He noted the interest from early adopters in Indonesia and the possibilities of tokenizing the country’s rich natural resources to have a positive impact on the economy.
Overall, the narratives presented by Jonathan shed light on the ongoing developments in the crypto industry and the need for adaptation to upcoming changes.
