The initiative is being carried out in collaboration with PT Pegadaian, PT Bank CIMB Niaga Tbk (CIMB Niaga), and PT Mandiri Sekuritas. Under the partnership, BRI-MI will serve as investment manager, Pegadaian will provide and safeguard the physical gold, CIMB Niaga will act as custodian bank, and Mandiri Sekuritas will serve as dealer participant. The collaboration forms an integrated service chain from gold provision to safekeeping and market trading.
The memorandum of understanding (MoU) signing was witnessed by officials from the Indonesia Stock Exchange (IDX), PT Kustodian Sentral Efek Indonesia (KSEI), and PT Bank Rakyat Indonesia (Persero) Tbk.
BRI-MI President Director Tina Meilina said the current rise in gold prices presents an opportunity for investment managers to introduce new products to the market. “The development of this product not only marks a historical milestone for establishing a new investment instrument in the capital market but also supports financial literacy and inclusion,” she said.
According to BRI-MI, the upcoming Gold ETF will offer several advantages compared to conventional gold instruments, including real-time pricing during trading hours, competitive spreads, fully digital transactions, and professional management.
Representatives from partner companies voiced their optimism about the ETF’s potential. Pegadaian Director of Marketing, Sales, and Product Development Selfie Dewiyanti said the company supports efforts to strengthen the national gold ecosystem. CIMB Niaga Banking Business Director Rusly Johannes noted that the bank is ready to support product distribution and investor education. Mandiri Sekuritas President Director Oki Ramadhana highlighted strong domestic interest in gold-based investment products.
BRI-MI and its partners are currently coordinating with regulators and Self-Regulatory Organizations to ensure technical readiness and strong governance ahead of the product launch.
Reporter: PR Wire
Editor: PR Wire
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