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Indonesian Crypto Platform Floq Raises $11.3 Million from Ascent HFX Group and MD Capital

2026-06-04 09:37:17

Jakarta-based digital asset platform Floq raised $11.3 million from private and institutional investors, including Ascent HFX Group and MD Capital, less than a year after launching in May 2025. The company surpassed 1.8 million registered users and plans to use the funding to strengthen its technology infrastructure, cybersecurity, product capabilities, and compliance. Floq is among nine licensed digital asset traders in Indonesia following the transfer of crypto supervision to the Financial Services Authority in January 2025.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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