SEA Deal Ticker
Lion Group takes 10% of Indonesia's Nusantara Bumi Sangkara in $12M deal
The Nasdaq-listed firm took a 10% indirect stake via a $12M share issuance in PT Nusantara Bumi Sangkara, builder of the rupiah-pegged NIDR stablecoin and low-cost cross-border transfer rails.
Positive-sum angle: A rupiah-denominated settlement layer keeps remittance and trade flows priced in local currency, letting Indonesian merchants move money across borders without routing every transaction through the dollar.