21 October 2025, Singapore - M-DAQ Global, a leading Singapore-headquartered fintech group specialising in foreign exchange (FX) and cross-border payment solutions, today announced a landmark partnership with the Jakarta Futures Exchange (JFX) and Bullion Ecosystem International.
This partnership will see the implementation of M-DAQ’s Trading the Right Chart™ (TRC) Solution for JFXGold, a gold product traded on JFX. Built in collaboration with Bullion Ecosystem International, this industry-first multi-currency solution will enable international investors, especially the Indonesian diaspora, to invest in JFXGold using their preferred currencies, extending access beyond the Indonesian Rupiah and US Dollar. This provides FX clarity and certainty at the point of trading, without the need for traditional fund conversions. Investors will also have the choice of taking physical delivery of the gold or having it securely stored on their behalf.
Addressing the growing demand from investors for gold assets, this partnership aims to enhance the JFXGold investing process with flexibility and convenience. Investors can start with just 0.01 gram of gold, make purchases using a variety of third-party payment options, and repatriate their holdings in supported currencies, making gold investment more accessible for international investors.
Tan Choon Seng, Group CEO of M-DAQ Global, said, "Our strengthened partnership with the Jakarta Futures Exchange and Bullion Ecosystem reflects a shared commitment to improving financial access and efficiency across the ASEAN region. We believe the integration of TRC into JFXGold will not only enhance cross-border trading but also offer a trusted means of long-term wealth preservation through a globally recognised asset. This initiative represents a significant leap forward in the development of cross-border investment options.”
Yazid Kanca Surya, CEO of JFX, said, “We are excited to be working with M-DAQ and Bullion Ecosystem on this innovative project. JFXGold supports Indonesia’s goals to expand gold-related services and reserves, as well as introduces a new retail-focused investment product tailored to the needs of today’s investors. By enabling gold to be both a tradeable asset and a means of savings, this collaboration will help us reach a wider investor base while contributing to long-term national value creation.”
The enhanced JFXGold platform is currently being piloted in Singapore with plans to roll it out to other Asian countries, marking a significant step toward opening Indonesia's commodities market and meeting the growing global demand for accessible investment tools.
About Jakarta Futures Exchange (JFX)
Jakarta Futures Exchange (JFX) is the first Futures Exchange in Indonesia. JFX was founded on August 19th 1999 with the foundation to bring great benefits to the business community and as a means of hedging. The main role of JFX is as a provider of facilities for its members to conduct futures contract transactions based on a set price through efficient interaction based on supply and demand in the electronic trading system.
Guided by transparency, innovation, and robust governance, JFX serves as a market facilitator helping corporates, producers, and investors manage price risk and enhance market efficiency. Supported by state-of-the-art trading technology and ongoing education programs, JFX is committed to promoting market stability and the growth of Indonesia’s commodities sector.
For more information, visit www.jfx.co.id or contact [Putri, [email protected] ].
About M-DAQ Global
M-DAQ Global is a pioneering fintech group specialising in foreign exchange (FX) & payment solutions that facilitate seamless cross-border transactions for businesses worldwide. Our proprietary technology empowers both institutional enterprise businesses and small and medium-sized businesses to navigate international trade with FX clarity, certainty, and payment mobility.
Headquartered in Singapore with an expanding presence across 7 countries and territories, M-DAQ Global provides a comprehensive suite of FX, collections, and payment solutions, as well as value-added services such as AI-driven KYB onboarding and enhanced risk management solutions, enabling businesses to transact across borders with ease amidst evolving needs.
For more information, please visit: www.m-daq.com.