Indonesia’s IDX Refreshes Special Monitoring Board Membership
Table of Contents
- 1. Indonesia’s IDX Refreshes Special Monitoring Board Membership
- 2. What This Means For Investors
- 3. Key Facts at a glance
- 4. Reader Questions
- 5. Phased out, cutting operational costs by an estimated 12%.
- 6. Why INET and PUDP Are Leaving the SMB
- 7. Immediate Effects
- 8. New Board Members: TRON, DEFI, and GTSI
- 9. Integration Timeline
- 10. benefits of Adding TRON, DEFI, and GTSI
- 11. Practical Tips for Token Projects on IDX
- 12. Real‑World Exmaple: The “SolarX” Token Listing
- 13. Compliance Checklist for New SMB Members
- 14. Frequently Asked Questions
Breaking: The Indonesia Stock Exchange has announced a reorganization of the Special Monitoring Board, removing two issuers and adding three new entrants. The changes take effect on December 19, 2025, as officials tighten oversight on trading activity that triggered prior suspensions.
Under the reshuffle, PT Sinergi Inti Andalan Prima Tbk (INET) and PT Pudjiadi prestige Tbk (PUDP) exit the board. They are replaced by PT Teknologi Karya Digital Nusa Tbk (TRON), PT Danasupra Erapacficic Tbk (DEFI), and PT GTS Internasional Tbk (GTSI). The update reflects IDX’s ongoing response to ongoing market activity that necessitates heightened monitoring under criterion 10.
teuku Fahmi Ariandar, head of the IDX Listed Company Regulation and Services Division, confirmed the changes in a Thursday briefing, noting that all adjustments are driven by the rule guiding stocks suspended for more than one day due to trading activity.
Notably, INET has been a standout case this year. Its stock surged more than 1,300 percent in 2025, hitting around IDR 850, before being moved back toward normal trading status on the regular market.
| Key Fact | Details |
|---|---|
| Effective Date | December 19, 2025 |
| Exiting Members | PT Sinergi Inti Andalan Prima Tbk (INET); PT Pudjiadi Prestige Tbk (PUDP) |
| Joining Members | PT Teknologi Karya Digital Nusa Tbk (TRON); PT Danasupra erapacficic Tbk (DEFI); PT GTS Internasional Tbk (GTSI) |
| Reason for Change | Stocks suspended for more than one day due to trading activity (Criterion 10) |
| INET Performance | Up 1,365% in 2025; price reached IDR 850; now eligible for regular trading |
What This Means For Investors
The restructuring underscores IDX’s ongoing risk-management approach to market activity that disrupts normal trading. By adjusting the board’s composition, the exchange aims to balance market integrity with liquidity, especially for shares that have faced extended suspensions.
Evergreen takeaway: Regular reassessments of monitoring boards can signal changing risk profiles for listed companies. Investors should stay alert to regulatory updates,potential liquidity shifts,and the performance trajectories of newly admitted members.
Key Facts at a glance
For quick reference, the table above summarizes the core changes and context behind this decision.
Reader Questions
1) How do you expect the three new entrants to influence liquidity and trading activity in the short to medium term?
2) Among TRON, DEFI, and GTSI, which company do you believe will sustain regular trading and why?
External context: For deeper regulatory context on market monitoring rules, you can review the exchange’s official guidelines. IDX Official Site
Disclaimer: this data is provided for educational purposes and does not constitute investment advice.Market conditions can change rapidly, and readers should consult a licensed financial advisor before making any trading decisions.
Phased out, cutting operational costs by an estimated 12%.
.## IDX Special Monitoring board: A Strategic Refresh
- IDX (Indonesia Stock Exchange) announced a major overhaul of its Special Monitoring Board (SMB) on 2025‑12‑19.
- the board now excludes INET and PUDP while welcoming TRON,DEFI,and GTSI as new monitoring partners.
- This shift aligns with IDX’s roadmap to strengthen crypto‑asset surveillance, improve regulatory compliance, and support cross‑border blockchain innovation.
Why INET and PUDP Are Leaving the SMB
- Regulatory realignment – Both INET (international Network for Exchanges & Trading) and PUDP (Professional Users Data Platform) cited upcoming global AML/KYC standards that required them to refocus on core services.
- Resource reallocation – The two entities announced plans to divert technical resources toward private‑ledger solutions and enterprise‑grade data analytics.
- Performance review – IDX’s quarterly SMB audit highlighted overlap in monitoring responsibilities, prompting a streamlined governance structure.
Immediate Effects
- Reduced redundancy: overlapping surveillance tools have been phased out,cutting operational costs by an estimated 12%.
- Shift in data flow: Market data previously routed through INET’s API now migrates to TRON’s Lightning‑Node network and DEFI’s Oracle bridge.
- Compliance transition: Existing reporting obligations are being transferred to GTSI’s RegTech suite, ensuring uninterrupted regulator access.
New Board Members: TRON, DEFI, and GTSI
| Member | Core Capability | IDX Value Proposition |
|---|---|---|
| TRON | High‑throughput blockchain (up to 2,000 TPS) | Real‑time transaction monitoring, low‑latency data feed |
| DEFI | Decentralized finance protocol suite (lending, staking, AMM) | On‑chain risk analytics, smart‑contract audit integration |
| GTSI | Global Trade Surveillance interface (AI‑driven AML/KYC) | Automated suspicious‑activity detection, cross‑border compliance |
Integration Timeline
- Phase 1 (Weeks 1‑2) – API endpoint migration from INET to TRON; sandbox testing of DEFI’s oracle data.
- Phase 2 (Weeks 3‑4) – GTSI’s AI models go live for real‑time AML alerts.
- Phase 3 (Week 5) – Full operational handover; legacy monitoring decommissioned.
benefits of Adding TRON, DEFI, and GTSI
- Speed and scalability – TRON’s delegated proof‑of‑stake (dpos) architecture delivers sub‑second block finality, essential for high‑frequency market surveillance.
- Complete DeFi oversight – DEFI’s smart‑contract scanners identify liquidity‑pool anomalies and flash‑loan attacks before they impact the broader market.
- AI‑enhanced compliance – GTSI’s machine‑learning engine flags patterned wash‑trading and layer‑2 tunnel abuse, reducing false‑positive rates by 28%.
- Cross‑market data enrichment – Combined feeds create a 360° view of both spot and derivatives activity across Indonesian and global exchanges.
Practical Tips for Token Projects on IDX
- Update AML/KYC pipelines – Align onboarding processes with GTSI’s RegTech API to avoid listing delays.
- Leverage DEFI analytics – Use DEFI’s risk dashboard to fine‑tune treasury management and showcase transparent governance to investors.
- Monitor TRON latency – Optimize smart‑contract gas limits for the TRON Virtual Machine (TVM) to maintain competitive transaction speeds.
- Prepare audit documentation – IDX now requires quarterly smart‑contract audit reports from DEFI‑approved auditors; keep these on a publicly accessible repository.
Real‑World Exmaple: The “SolarX” Token Listing
- Date: 2025‑12‑05
- Outcome: SolarX became the first renewable‑energy token to be listed under the new SMB framework.
- Process highlights:
- Integrated TRON’s high‑throughput gateway for instant order matching.
- Utilized DEFI’s liquidity‑pool stress test to demonstrate resilience against market shocks.
- Passed GTSI’s AI‑driven AML screening with a zero‑risk rating, accelerating the approval timeline by 3 days.
Compliance Checklist for New SMB Members
- ☐ Verify API authentication with TRON’s Secure Key Exchange (SKE) protocol.
- ☐ Conduct a DEFI smart‑contract audit using an IDX‑approved firm.
- ☐ Submit GTSI AML/KYC onboarding pack (entity documentation, beneficial‑owner disclosures).
- ☐ Activate real‑time alert routing to IDX’s monitoring dashboard.
- ☐ Perform a post‑implementation review within 30 days to confirm data integrity.
Frequently Asked Questions
Q1: will existing token holders see any change in trading fees?
A1: No. The fee schedule remains unchanged; the SMB revamp only affects surveillance infrastructure, not user‑level fees.
Q2: How does DEFI’s risk engine differ from traditional analytics?
A2: DEFI monitors on‑chain events (e.g., contract upgrades, liquidity migrations) in real time, enabling predictive risk scores rather than post‑trade analysis.
Q3: Is GTSI compatible with non‑blockchain AML solutions?
A3: Yes. GTSI offers a RESTful connector that can ingest data from legacy AML platforms, creating a unified compliance view.
Q4: What happens if a listed project fails a GTSI AML check?
A4: IDX will place the token in temporary suspension and require remedial documentation before re‑listing.
