Robinhood Markets has entered agreements to acquire two Indonesian financial services firms, marking the platform's entry into Southeast Asia's largest economy, it announced Sunday.
The company will acquire PT Buana Capital Sekuritas, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed digital asset trader, Robinhood announced. Both transactions are expected to close in the first half of 2026, subject to approval from Indonesia's Financial Services Authority (OJK) and other regulatory bodies.
Indonesia represents a significant market opportunity with more than 19 million capital market investors and 17 million crypto investors, according to Robinhood. Patrick Chan, head of Asia at Robinhood, described Indonesia as "a fast-growing market for trading" that aligns with the company's expansion strategy.
Following the acquisition of Buana Capital, Robinhood plans to continue serving existing brokerage customers with Indonesian financial products. The platform said it intends to eventually offer its proprietary brokerage and crypto trading services, providing Indonesian customers access to US equities and cryptocurrencies.
Pieter Tanuri, the majority owner of both acquired firms, will remain with Robinhood as a strategic advisor following the transactions.
