Lion Group Plans $12M Investment in Indonesian Stablecoin Developer PT Nusantara Bumi Sangkara

According to Crowdfundinsider, Nasdaq-listed Lion Group Holding Ltd. plans to invest up to $12 million in Indonesian fintech company PT Nusantara Bumi Sangkara through Meili Capital Management Ltd., acquiring 10% indirect economic rights through common stock or equity-linked securities with no cash payment involved.

Nusantara Bumi Sangkara is developing NIDR, an Indonesian Rupiah stablecoin pegged 1:1 to the Rupiah and backed by reserve assets, aimed at reducing cross-border payment costs and supporting blockchain financial services. The company has received regulatory approval from Indonesia's Financial Services Authority and is positioned to become one of the country's first compliant stablecoin issuers.