Avarta and Tokocrypto Join Forces to Work on Authentication, Security and Compliance For Indonesia’s Crypto Market

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Avarta, a next-generation data authentication layer with a biometric cross-chain wallet aggregator and an innovative cross-chain credit scoring system, has entered into a strategic partnership with Indonesia’s largest crypto asset exchange and blockchain ecosystem Tokocrypto.

As part of the deal, both companies will collaborate on multiple mutually-beneficial business development initiatives, expertise exchange and joint marketing efforts whose aim is to consolidate their presence in relevant cryptocurrency and blockchain sectors. 

Tokocrypto will now encourage Indonesian crypto users to use Avarta’s wallet-based Trust Score authentication and cybersecurity system. As reported, the company’s research and development technology team will help Avarta customize its platform to suit the unique regulations of Indonesia’s crypto market. We should take into account that there are more crypto investors (11.2 million) than owners of stocks and shares (7.3 million) in the country.

Avarta will also collaborate with Tokocrypto to spread the adoption and awareness of cryptocurrency throughout the country. On top of that, Avarta will cooperate with Tokocrypto to develop a joint marketing plan focused on the promotion of Avarta’s crypto wallet and authentication tools in Indonesia’s Web3 community.

His Royal Highness Prince Abdul Qawi of Brunei Darussalam, the Chairman of Avarta, has commented:

“Indonesia is one of the fastest growing Web 3.0 markets globally. Avarta is excited to be partnering with TokoCrypto, one of the most prominent names in Indonesia to grow the ecosystem together.”

Matthew Ainscow, CEO of Avarta, has said in a statement:

“We are excited to be working with the leading exchange in Indonesia and one of the largest in South East Asia. Working together, we aim to ensure both the highest levels of security and trust in the marketplace.”