In brief
- MEXC Ventures has invested in Indonesian crypto exchange Triv at a $200 million valuation, though the amount remains undisclosed.
The deal was structured entirely as equity and reflects MEXC’s long-term strategy of backing licensed exchanges in emerging markets.
Triv will maintain operational independence while gaining access to greater liquidity and expanded product support through the partnership.
Licensed crypto exchange Triv, based in Indonesia, has received a strategic equity investment from MEXC Ventures, the investment arm of global crypto platform MEXC.
The deal values Triv at $200 million and reflects MEXC’s growing focus on Southeast Asia, as Indonesia’s crypto market enters a new phase of institutional participation and regulatory clarity.
Leo Zhao, investment director at MEXC Ventures, told Decrypt the investment was “structured as pure equity, not tokens or convertible instruments,” and is part of the group’s broader expansion strategy in Southeast Asia.
“Triv’s regulatory track record, user base, and infrastructure made it a high-conviction candidate,” he said, adding that the deal reflects MEXC’s push to support “local champions with strong compliance profiles” as institutional adoption grows across the region.
MEXC Ventures declined to disclose the investment amount, citing a confidentiality agreement with Triv.
The deal follows a major shift in Indonesia’s crypto tax policy, which took effect as the month opened. Under a new finance ministry regulation, sellers of digital assets on domestic exchanges will now pay a 0.21% final income tax, at double the previous rate, while those using overseas platforms face a steeper 1% levy, per a Reuters report.
Buyers, however, are no longer subject to value-added tax.
Tokocrypto, a local exchange, said in the aforementioned report that the changes reflect Indonesia’s shift in classifying crypto as a financial asset rather than a commodity, signaling a more formal regulatory phase for one of Southeast Asia’s fastest-growing crypto markets.
These measures are part of a broader transition in oversight from the commodities regulator BAPPEBTI to the Financial Services Authority (OJK), signaling a more institutional phase of market development.
‘Natural fit’ for expansion
Zhao said the decision to back Triv stemmed from its “proven market leadership” and alignment with local regulations, calling the Indonesian platform a “natural fit for a long-term strategic partnership.”
He noted that the timing reflects MEXC’s wider ambitions to grow in high-potential, regulated markets across Southeast Asia.
Founded in 2015, Triv is one of Indonesia’s longest-running digital asset platforms. The exchange is fully licensed to offer spot trading, staking, and derivatives, and claims over 3 million registered users. It also operates a crypto media division, CryptoWave, and supports more than 1,000 digital assets including Bitcoin, Ethereum, meme coins, and synthetic U.S. stock products.
Triv said the deal would help expand products, boost liquidity, and strengthen infrastructure amid rising compliance demands. It will retain operational independence. MEXC Ventures signaled more regional investments may follow.
The partnership would allow Triv to scale while maintaining its identity, Zhao said.
“For Triv’s users, partnership with MEXC means enhanced services and reliability coupled with the core values and independence that have earned their trust over the last nine years,” he told Decrypt.
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