Coinvestasi, a leading crypto and Web3 media platform supported by Indonesia Crypto Network (ICN), has officially announced the individuals selected for the Coinvestasi Most Impactful Figures 2025 (CMIF 2025). Now in its fourth year, this annual award recognizes individuals who have made significant contributions to advancing growth, strengthening the foundation, and shaping the development of Indonesia’s crypto and Web3 industry.
This year, CMIF introduces a more structured framework with three main categories: Most Impactful Adoption Drivers, Most Impactful Industry Innovators, and Most Impactful Regulation Contributors. Each category represents a key pillar of the ecosystem—public adoption, product and infrastructure innovation, and regulatory certainty. Together, these pillars play a vital role in building a more mature, integrated, and sustainable industry.
Through this recognition, Coinvestasi highlights the strategic roles and initiatives carried out across multiple fronts. These contributions range from community education and ecosystem development to technological innovation and regulatory collaboration.
“The growth of Indonesia’s crypto industry cannot be separated from the individuals who consistently work across different fronts, from community education to governance strengthening. CMIF 2025 recognizes measurable and meaningful contributions. At the same time, it reinforces the idea that ecosystem growth can only happen when adoption, innovation, and regulation move forward together,” said Renata Situmorang, Project Manager of Coinvestasi Most Impactful Figures 2025.
Read more: Coinvestasi Most Impactful Figures 2025: Recognizing the Leaders Shaping Indonesia’s Crypto Industry
Most Impactful Adoption Drivers
This category recognizes individuals who have expanded literacy, built communities, and nurtured new talent within Indonesia’s crypto and Web3 ecosystem.
Niki Sekar Dewayani (Head of Community, Indonesia Crypto Network)
Since 2020, Niki has played a key role in growing the Coinvestasi and Indonesia Paham Bitcoin communities to more than 80,000 active members. Over the past five years, she has initiated more than 60 Web3 events across multiple cities, strengthening the grassroots ecosystem in a consistent manner.
In 2025, she led the Web3 University Tour across eight cities, engaging more than 2,500 participants. She also introduced the Community Bus initiative at Coinfest Asia. Her commitment to education earned her recognition as Web3 Woman of The Year 2025 and recipient of The Crypto Queen Award
Setya Mickala (Founder, Airdrop Finder)
Setya established Airdrop Finder as a community platform that provides guidance on early-stage projects and airdrop mechanisms. The initiative emphasizes responsible education and proper risk management.
In 2025, she initiated the Donasi Peduli Sumatra program to support disaster victims, raising Rp488 million. The funds were distributed in collaboration with Humanies Project and local volunteers. She personally spent 10 days in Medan to ensure transparent distribution and covered operational expenses herself to ensure that all donations were fully delivered to beneficiaries.
Yanzero (CTO, IDRX)
Yanzero actively mentors Indonesian developers in the Web3 sector. The community under his guidance has achieved 34 international hackathon wins, including seven of the twelve champion positions at the Base APAC regional hackathon.
In addition, he leads the development of smart contracts securing assets valued at US$132 million. He also established a mentoring platform that enables Indonesian technical talent to compete globally.
Febi Mettasari (Co-Founder, Kwek Labs)
Febi has built a strong reputation as a Web3 developer through various international competitions. Through PIVY, a privacy-based payment solution she developed, she won first place at Sui Overflow and IOTA Moveathon. She also secured second place in several Solana competitions.
Beyond competitions, she actively organizes IOTA and Sui technical workshops and Move programming training sessions. She participates in technical discussions with OpenZeppelin and Mysten Labs. Furthermore, she promotes women’s participation in technology as a mentor at Generation Girls and Suisterhood and frequently speaks at conferences and universities.
Mario Nurcahyanto (Country Lead, Superteam Indonesia)
Mario led 19 strategic initiatives involving ministries, government agencies, and national institutions to accelerate Web3 adoption in Indonesia. These initiatives cover the creative economy, payment systems, asset tokenization, healthcare, Real World Asset (RWA), and DePIN infrastructure.
Projects under his mentorship have been shortlisted nine times in international hackathons and produced three winning teams. Throughout 2025, he distributed more than US$132,000, in grants to 21 recipients. He also contributed to 13 Indonesian teams raising more than US$2 million. Currently, 33 Web3 startups under his guidance remain active across various sectors.
GuarEmperor (Crypto Early Project Researcher)
GuarEmperor is widely known for sharing analysis of early-stage projects and market dynamics. His practical approach helps traders understand market cycles, risk management principles, and the inherent opportunities and challenges of new projects.
The discussion forum he established has become a trusted reference for the community, particularly in identifying potential opportunities while increasing awareness of wallet security and market volatility.
Hoteliercrypto (Macro Observer)
Hoteliercrypto strengthens market literacy by connecting macroeconomic indicators, such as inflation and interest rates, with Bitcoin and altcoin price movements.
Through consistent data-driven analysis, he has become a reliable reference for understanding market direction and the relationship between global economic conditions and the crypto industry.
Read more: Coinvestasi Appreciates 14 Most Impactful Figures in Indonesian Crypto Industry
Most Impactful Industry Innovators
This category honors individuals who have introduced meaningful product innovation and expanded Indonesia’s crypto infrastructure.
William Sutanto (CEO, INDODAX)
As Co-Founder and CEO of INDODAX, William has been instrumental in building one of Indonesia’s largest crypto exchanges, which now serves approximately 9.7 million users. He transformed INDODAX from a startup platform into a licensed exchange operating under regulatory supervision.
In May 2025, he officially assumed the CEO role after more than a decade leading technology development as CTO. During the year, he initiated a strategic partnership with SFC-regulated HashKey Exchange in Hong Kong. He also encouraged regulator–industry collaboration through BI–OJK–Ekraf forums and national hackathons. In addition, he completed an Executive Program at Stanford University Graduate School of Business to strengthen his global leadership capacity.
Nathanael Christian (CEO, IDRX)
Nathanael introduced the Rupiah stablecoin to the global stage by launching the first non-USD stablecoin and the first Rupiah stablecoin on the Base network. IDRX is now available on more than 10 blockchain networks. It is listed on Coinbase and OKX and recognized as “Cash” within the Base App.
Throughout 2025, IDRX expanded its utility through crypto debit card top-ups and transactions at more than 100 million VISA merchants. With over 40,000 wallet holders and on-chain transaction volume reaching US$175 million, IDRX has become one of the most widely integrated Rupiah stablecoins to date.
Gabriel Rey (CEO, Triv)
Under Gabriel’s leadership, Triv evolved from a crypto exchange into a broader ecosystem that includes education, media, and lifestyle-based collaborations. He actively engages in dialogue with regulators to support innovation while safeguarding retail investors.
In 2025, he further developed Cryptowave as a free crypto media and research platform to enhance public literacy. In terms of business expansion, Triv secured a strategic partnership with MEXC Ventures, supported by a funding commitment of US$200 million to strengthen ecosystem development.
Rieka Handayani (VP Corporate Communication, Tokocrypto)
Since joining Tokocrypto in 2021, Rieka has consistently expanded crypto literacy initiatives. Throughout 2025, she and her team implemented more than 168 educational programs, reaching over 125,000 participants across more than 50 cities.
These literacy efforts extended to Papua through collaboration with Akademi Kripto Jayapura. Tokocrypto also participated in Indonesia Crypto Outlook and Indonesia Blockchain Week 2025, reinforcing its role in shaping national and regional crypto discourse.
Read more: 7 Common Crypto Marketing Mistakes and How to Avoid Them
Most Impactful Regulation Contributors
This category recognizes individuals who have contributed to regulatory clarity and industry governance.
Hasan Fawzi (Executive Head of Financial Technology Innovation, Digital Financial Assets, and Crypto Assets Supervision, OJK)
Hasan led the transition of crypto asset supervision from Bappebti to OJK throughout 2025. He coordinated the formation of an OJK–Bappebti working group to ensure a structured and orderly transition process.
Under his leadership, OJK introduced a new regulatory framework covering exchange governance, custodianship, risk management, and cybersecurity standards. He also updated the whitelist of licensed traders, took action against illegal entities, and strengthened public literacy through Crypto Literacy Month 2025 and the OJK Infinity 2.0 innovation sandbox.
Robby Bun (Chairman, Indonesian Blockchain Association)
Since 2023, Robby has led the Indonesian Blockchain Association (ABI) in strengthening industry coordination and policy advocacy. He actively represents the industry in national and international forums. Moreover, he promotes the development of standards, codes of conduct, and best practices for industry participants.
Through close collaboration with regulators and stakeholders, he contributes to building a more structured and sustainable blockchain and crypto asset ecosystem in Indonesia.
In total, 13 individuals were selected as recipients of Coinvestasi Most Impactful Figures 2025. In addition to the main awardees, Coinvestasi also presented Honorable Mentions to several individuals who made significant contributions to the growth of Indonesia’s crypto and Web3 ecosystem.
The Honorable Mention recipients are:
- Andreas Tobing
- Vanessa Michelle
- Jonas Sunandar
- Tigran Adiwirya
- Yunepto
Coinvestasi Most Impactful Figures continues to evolve as part of Coinvestasi’s commitment to recognizing individuals who contribute meaningfully to the maturity, professionalism, and sustainability of Indonesia’s crypto industry.
Beyond the names listed, Coinvestasi acknowledges that many other individuals have played important roles in building the foundation of Indonesia’s crypto and Web3 ecosystem. CMIF 2025 reflects the collective effort of those working consistently, both on the front lines and behind the scenes.
Get to know more about Coinvestasi Most Impactful Figures.
