Torontox
Coming soon
Indonesian stocks, one token, one share
Each token is backed by one share listed on the IDX. The holder receives the dividends, and redemptions are paid the same day.
We'll only email you about the launch.
- One token, one share
- 1:1
- Redemptions paid the same day
- T+0
- Fee revenue set aside as a cash reserve
- 20%
- Shares held outside our balance sheet
- SPV
Launch
The first three tokens
We'll reveal the three companies to the waitlist before we announce them publicly.
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XXXt Coming soon
A general insurer
Listed on the IDX
Notify me -
XXXt Coming soon
A cable manufacturer
Listed on the IDX
Notify me -
XXXt Coming soon
A property developer
Listed on the IDX
Notify me
Subject to regulatory approval.
Structure
How a token is structured
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Backing
The share is bought first
Each token is issued after its share is bought on the IDX. Dividends from that share go to the token holder.
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Custody
Held by a separate entity
Shares are held by PT Sarana Pengelola Ventura, an SPV outside our balance sheet. The structure follows UU No. 4 Tahun 2023 (P2SK), so our creditors cannot claim the shares if we go bankrupt.
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Redemption
Cash the same day
IDX trades take two trading days to settle (T+2). We pay redemptions from a cash reserve funded by 20% of fee revenue, then sell the shares on the normal T+2 schedule.
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Price
Tracks the share price
Tokens trade on licensed crypto exchanges (PAKD). If the token price drifts from the share price, traders can mint or redeem to capture the difference, which brings the price back in line.
How it works
From payment to token
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Pay
Pay through the Torontox platform. Your money is held in escrow until the share is bought.
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We buy the share
Our partner securities firm buys the share on the IDX.
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The token is issued
The share is transferred to PT Sarana Pengelola Ventura, and one token is issued for each share.
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Hold, sell or redeem
You keep receiving dividends while you hold the token. Sell on a PAKD exchange, or redeem with us and get the cash the same day.
Price
Why the token price tracks the share
Tokens can be minted and redeemed with us at the share price. They also trade on PAKD exchanges at whatever price buyers and sellers agree on. Any gap between the two gives traders a reason to close it.
Torontox platform
Mint and redeem at the IDX share price.
⇄Arbitrage
PAKD exchanges
Trade with other users at the market price.
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Token trades above the share
Traders mint new tokens with us and sell them on the exchange. That adds supply and pushes the price down.
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Token trades below the share
Traders buy tokens on the exchange and redeem them with us. That removes supply and lifts the price.
FAQ
Common questions
When does Torontox launch?
We don't have a date yet because launch depends on regulatory approval. We'll email the waitlist as soon as we do.
Do I own the actual share?
No. PT Sarana Pengelola Ventura is the legal owner. Your token gives you the economic rights to the share: the dividends and any change in its value.
What happens to my tokens if Torontox goes bankrupt?
The shares are held by the SPV, not Torontox, so they are not part of our assets and cannot be claimed by our creditors. The structure follows UU No. 4 Tahun 2023 (P2SK).
How can redemption be same-day when the IDX takes two days?
We set aside 20% of fee revenue as a cash reserve. Redemptions are paid from it on the same day, while the share sale settles on the normal T+2 schedule.
Where can I trade the tokens?
On the Torontox platform and on partner PAKD exchanges in Indonesia. We'll name the exchanges closer to launch.
Get the launch date first.
Leave your email. We'll let you know when tokens are ready to buy.
Join the waitlist