{"id":"jeth-soetoyo","title":"Jeth Soetoyo","content":"**Jeth Soetoyo** is an Indonesian technology entrepreneur known as the Founder and CEO of Pintu, an Indonesian cryptocurrency investment application. He is also a founder of [Rupiah Token (IDRT)](https://iq.wiki/wiki/rupiah-token), the first [stablecoin](https://iq.wiki/wiki/stablecoin) pegged to the Indonesian Rupiah. [\\[1\\]](#cite-id-EX5GY0zTaexnedLD) [\\[2\\]](#cite-id-0EnOgjFAZTN8hvMn) \n\n## Education\n\nJeth Soetoyo attended school in the United States, which is where his interest in blockchain technology was first sparked. He is an alumnus of Harvard Business School, noted with the credential HBS'19. During his time in academia, he conducted research at the MIT Digital Currency Initiative, where his work focused on the valuation of crypto assets. [\\[2\\]](#cite-id-0EnOgjFAZTN8hvMn) [\\[1\\]](#cite-id-EX5GY0zTaexnedLD) \n\n## Career\n\nSoetoyo's career has been centered on the development and application of [blockchain](https://iq.wiki/wiki/blockchain) technology, beginning with a role at a major [blockchain](https://iq.wiki/wiki/blockchain) software company before he went on to found two significant entities in Indonesia's digital finance landscape: [Rupiah Token](https://iq.wiki/wiki/rupiah-token) and Pintu.\n\n### Early Career at ConsenSys\n\nPrior to his entrepreneurial ventures, Soetoyo was a Product Lead at ConsenSys, a [blockchain](https://iq.wiki/wiki/blockchain) venture laboratory. In this role, he was responsible for leading the product development of Liquality, a cross-chain atomic swap solution. This platform was designed to enable trustless swaps of digital assets across different [blockchain](https://iq.wiki/wiki/blockchain) networks, giving him early experience in [blockchain](https://iq.wiki/wiki/blockchain) interoperability and [decentralized finance](https://iq.wiki/wiki/defi) mechanisms. [\\[2\\]](#cite-id-0EnOgjFAZTN8hvMn)​\n\n### Founding of Rupiah Token (IDRT)\n\nSoetoyo was a key founder of [Rupiah Token (IDRT)](https://iq.wiki/wiki/rupiah-token), established under the legal entity PT [Rupiah Token](https://iq.wiki/wiki/rupiah-token) Indonesia around 2019. The project was created to be the first and most widely adopted [stablecoin](https://iq.wiki/wiki/stablecoin) backed 1:1 by the Indonesian Rupiah (IDR). The founding team also included Anthony Thio, Purwoko, Evan Leonardi, and Fengkie Junis. The Rupiah Token project was built as a fiat-collateralized stablecoin, where each circulating token is backed by an equivalent amount of physical Indonesian Rupiah held in reserve in an Indonesian bank account. [\\[6\\]](#cite-id-2daDiiZw191zmWoG)  [\\[2\\]](#cite-id-0EnOgjFAZTN8hvMn)  [\\[3\\]](#cite-id-5y2aK3qcb67gBHan) \n\n### Pintu\n\nFollowing his work with [Rupiah Token](https://iq.wiki/wiki/rupiah-token), Soetoyo founded Pintu, an Indonesian mobile-native [cryptocurrency wallet](https://iq.wiki/wiki/cryptocurrency-wallet) and trading platform, where he serves as Founder and CEO. he name Pintu is the Indonesian word for \"door,\" reflecting the company's mission to serve as an accessible entry point into the world of crypto investing. [\\[1\\]](#cite-id-EX5GY0zTaexnedLD)​\n\nThe Pintu application was launched in April 2020. Soetoyo identified a significant gap in the Indonesian market, observing that existing [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchanges primarily catered to professional traders, a group he estimated to be only 1% of retail investors. Pintu was therefore designed to serve the other 99%—casual and first-time investors—with a focus on user-friendliness and simplicity, aiming for an experience comparable to using modern e-wallet or e-commerce apps. [\\[1\\]](#cite-id-EX5GY0zTaexnedLD)​","summary":"Jeth Soetoyo is the Founder and CEO of Pintu, an Indonesian crypto exchange, and a founder of Rupiah Token. A Harvard Business School alumnus, Soetoyo previously worked at ConsenSys and is a prominent figure in Indonesia's fintech industry.","images":[{"id":"QmTY4E5hkbFVZF2swC5thN9a37kHdtWc8V6CccVz1Ugjux","type":"image/jpeg, image/png"}],"categories":[{"id":"people","title":"people"}],"tags":[{"id":"Founders"},{"id":"PeopleInDeFi"}],"media":[],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"EX5GY0zTaexnedLD\",\n    \"url\": \"https://www.prestigeonline.com/id/people-events/people/shaping-the-future-of-digital-economy-with-jeth-soetoyo/\",\n    \"description\": \"Prestige Online article on Jeth Soetoyo\",\n    \"timestamp\": 1766676509783\n  },\n  {\n    \"id\": \"0EnOgjFAZTN8hvMn\",\n    \"url\": \"https://staging--rupiah-token-next.netlify.app/about\",\n    \"description\": \"Rupiah Token team page\",\n    \"timestamp\": 1766676509783\n  },\n  {\n    \"id\": \"5y2aK3qcb67gBHan\",\n    \"url\": \"https://coinmarketcap.com/currencies/rupiah-token/\",\n    \"description\": \"CoinMarketCap page for Rupiah Token\",\n    \"timestamp\": 1766676509783\n  },\n  {\n    \"id\": \"bOcc7zcyceWmbxvs\",\n    \"url\": \"https://www.coingecko.com/en/coins/rupiah-token\",\n    \"description\": \"CoinGecko page for Rupiah Token\",\n    \"timestamp\": 1766676509783\n  },\n  {\n    \"id\": \"jWW0qM4e0h4hOLVh\",\n    \"url\": \"https://x.com/RupiahTokenIDRT\",\n    \"description\": \"Rupiah Token X Profile\",\n    \"timestamp\": 1766676509783\n  },\n  {\n    \"id\": \"2daDiiZw191zmWoG\",\n    \"url\": \"https://rupiahtoken.com/\",\n    \"description\": \"Rupiah Token official website\",\n    \"timestamp\": 1766676509783\n  },\n  {\n    \"id\": \"wvqiXQMsJZWqdxY3\",\n    \"url\": \"https://rupiahtoken.com/faq\",\n    \"description\": \"Rupiah Token FAQ page\",\n    \"timestamp\": 1766676509783\n  },\n  {\n    \"id\": \"sEPZlkeHVPpzbNKq\",\n    \"url\": \"https://x.com/jeth\\\\_soetoyo\",\n    \"description\": \"Jeth Soetoyo's X Profile\",\n    \"timestamp\": 1766676509783\n  }\n]"},{"id":"twitter_profile","value":"https://x.com/jeth_soetoyo"},{"id":"website","value":"https://pintu.co.id/"},{"id":"references","value":"https://www.prestigeonline.com/id/people-events/people/shaping-the-future-of-digital-economy-with-jeth-soetoyo/"},{"id":"medium_profile","value":"https://medium.com/@jeth_84780"},{"id":"commit-message","value":"\"Added Jeth Soetoyo wiki page\""}],"events":[{"id":"eff57be5-0722-4a5a-855a-6d6bccbc0f7c","date":"2019-06","title":"Graduated from Harvard Business School","type":"DEFAULT","description":"Jeth Soetoyo graduated from Harvard Business School (HBS'19), where his interest in blockchain's potential for finance was solidified.","link":"https://staging--rupiah-token-next.netlify.app/about","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"d5a4dfdc-e08e-4eff-8642-2401de99bf71","date":"2019-01","title":"Co-founded Rupiah Token","type":"DEFAULT","description":"Jeth Soetoyo co-founded PT Rupiah Token Indonesia, the company behind the IDRT stablecoin, which was established in 2019.","link":"https://staging--rupiah-token-next.netlify.app/about","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"d1bd7762-7595-4f42-84ff-e7251d61f27b","date":"2020-04","title":"Launched Pintu Application","type":"DEFAULT","description":"As Founder and CEO, Jeth Soetoyo launched the Pintu application, a mobile-first crypto wallet and trading platform for the Indonesian market.","link":"https://www.prestigeonline.com/id/people-events/people/shaping-the-future-of-digital-economy-with-jeth-soetoyo/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x4a2bC97afBF41a2Cbf4b4628F63420682Ff4CF2a"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":["rupiah-token"],"speakers":[]}}