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Binance establishes JV to grow blockchain ecosystem in Indonesia with consortium led by MDI Ventures

Felicia Tan
Felicia Tan • 2 min read
Binance establishes JV to grow blockchain ecosystem in Indonesia with consortium led by MDI Ventures
Through the JV, Binance seeks to develop a new Indonesian-based digital asset exchange.
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Binance, on Dec 15, announced that it has partnered with a consortium led by MDI Ventures to establish a joint venture (JV) that will grow the blockchain ecosystem in Indonesia.

The joint venture is part of the former’s broader strategy to grow the blockchain ecosystem around the globe.

MDI is the US$830+ million ($1.14 billion) multi-stage venture capital arm of Indonesia's largest telecoms company, Telkom Indonesia.

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