Tokocrypto's CEO Calvin Kizana Outlines Vision for Sustainable Growth
JAKARTA, investortrust.id – Calvin Kizana, the new chief executive officer of PT Aset Digital Berkat, operating as Tokocrypto, has articulated a strategic vision centered on innovation, ecosystem empowerment, and adherence to regulatory frameworks to drive the company's sustainable growth.
"The cryptocurrency industry is continually evolving and holds significant long-term growth potential. Tokocrypto has already achieved profitability, and our primary focus now is on sustainable growth through well-thought-out business strategies," Kizana stated during the Indonesia Crypto Outlook (ICO) 2025 event in Jakarta on Friday, Feb. 7, 2025.
Earlier, announced Calvin's appointment as its new CEO effective from early 2025. Calvin, renowned for his extensive experience in leading and founding startups, steps into this role with a vision to drive sustainable growth and implement robust business strategies.
Despite the company's profitable status,Calvin, formerly the inaugural head of WhatsApp in Indonesia, indicated that there are currently no plans to pursue an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). "At this moment, we have no plans for an IPO. We are self-sustaining and already a profitable exchange, so we don't see the need for external investment in the near future," he explained.
In 2024, Tokocrypto experienced a significant surge in transaction value, tripling its performance with over 4 million users. The platform offers access to more than 380 types of tokens and coins, featuring services such as staking, dollar-cost averaging (DCA), buy/sell options, passkey, and TKO Megadrop.
The total transaction value on Tokocrypto in 2024 reached approximately $9.3 billion, accounting for 23.21% of the national crypto transaction volume. This achievement led to a threefold increase in profitability compared to the previous year. "This year, we aim to grow threefold or even more compared to 2024," Calvin expressed optimism, noting that the cryptocurrency industry is expected to remain bullish despite global economic fluctuations.
Regarding potential strategic partnerships with major conglomerates, Calvin mentioned that there are no current plans. "Currently, we are already profitable and do not require new partners at this time. Our focus is on maintaining our achievements as the number one crypto platform and a profitable exchange," he affirmed.
Previously, Tokocrypto had postponed its IPO plans after Binance increased its shareholding to 100%. Initially planning to go public in 2021, the company deferred these plans following additional capital infusion from Binance.
The acquisition by Binance has introduced a new chapter for Tokocrypto. As a global giant in the cryptocurrency space, Binance brings expertise in building robust crypto trading ecosystems. With Binance's investment, Tokocrypto is poised to expand its reach and services, strengthening its position in Indonesia's crypto asset market.
As of the latest data, Tokocrypto's native token, TKO, is trading at approximately $0.32, reflecting a slight increase from the previous close.