PT KBI ENHANCES THE ROLE OF WAREHOUSE RECEIPT REGISTRATION CENTER

25 Jun 2025

As a country with vast agribusiness and logistics potential, Indonesia requires a transparent and reliable warehouse receipt registration system. PT Kliring Berjangka Indonesia (PT KBI), a member of the Danareksa State-Owned Enterprises Holding, is addressing this challenge through its role as Indonesia’s first blockchain-based Warehouse Receipt Registration Center.

The strategic momentum to strengthen the national warehouse receipt ecosystem—whose performance surged by 120% in 2024—was reinforced during PT KBI’s General Meeting of Shareholders (GMS) held on Wednesday, 25 June 2025, at Menara Danareksa.

The GMS, attended by shareholder representatives, was led by Mr. Adhi Pamungkas Daskian, Investment Director 3 of PT Danareksa (Persero), and accompanied by Mr. R. Muhammad Irwan, Director of Human Capital and Legal at PT Danareksa (Persero). The full Board of Commissioners and Directors of PT KBI were also present, including Mr. Hernawan B. Sasongko as President Commissioner, Mr. Egy Massadiah and Mr. Irman Sahroni Ahmad as Independent Commissioners, Mr. Budi Susanto as President Director, Mr. Adiyasa Suhadibroto as Director of Finance and Risk Management, and Mr. Saidu Solihin as Director of Business Development and Operations.

Key items on the agenda included approval of the 2024 financial statements, the 2025 business plan, and strategies to enhance PT KBI’s digital services through the IsWare Next Gen platform. Full support from shareholders for these initiatives further strengthens PT KBI’s role within the national futures trading ecosystem.

In his performance presentation, PT KBI President Director Budi Susanto reported significant achievements, including a 211% increase in warehouse receipt issuance by transaction value and more than 10,000 tons in commodity volume. Futures contract volume also grew by 10.5% year-on-year. These accomplishments contributed to a 25.4% increase in revenue and a 22% growth in net profit, driven primarily by expansion in clearing and warehouse receipt services.

PT KBI continues to strengthen the operational foundation of the Warehouse Receipt System (WRS) through its blockchain-based innovation, IsWare Next Gen. This technology ensures security and data integrity through advanced transaction recordkeeping. As part of its implementation, PT KBI partnered with the East Java Provincial Government for a pilot Farmer Corporation project launched on 14 May 2024, aimed at controlling inflation and enhancing food security. Together with the Commodity Futures Trading Regulatory Agency (BAPPEBTI), PT KBI actively promotes the program across various regions in Indonesia, including West Sumatra and Lampung, to optimize warehouse receipt utilization.

PT KBI upholds the 3K principles—Quality, Quantity, and Continuity—in delivering its services. This year, the company will focus on developing an integrated system within the WRS ecosystem that will serve as a strategic information hub for businesses and stakeholders.

"The synergy of three pillars—state-owned enterprise strength, technological system reliability, and industry ecosystem collaboration—is the key to accelerating the digital transformation of national commodities," emphasized Budi Susanto, outlining PT KBI’s strategic direction.

Through blockchain technology, PT KBI ensures the transparency and security of commodity documentation. This system is a critical foundation for strategic government programs such as food security and logistics efficiency, supported by 365 warehouses and over 100 Warehouse Operators officially approved by BAPPEBTI. The implementation of IsWare has significantly boosted warehouse receipt issuance in three main commodities: Tin, Rice, and Coffee, with total transaction value in 2024 reaching IDR 1.7 trillion. For 2025, PT KBI aims to increase warehouse receipt transaction volumes in key commodity centers such as Milled Dry Grain, Rice, and White Crystal Sugar, while accelerating digital adoption among warehouse operators across Indonesia.