Robinhood has officially entered the Southeast Asian market.

The US brokerage just announced plans to acquire two Indonesian companies—securities broker Buana Capital Sekuritas and licensed crypto asset trader Pedagang Aset Kripto. The deal is expected to be finalized in the first half of next year, though they haven't disclosed the specific amount spent.

Notably, Pieter Tanuri, the major shareholder of these two Indonesian companies, will not be exiting. Instead, he will become a strategic advisor to Robinhood. This arrangement is quite smart—it allows Robinhood to retain local resources and connections while leveraging someone familiar with Indonesia's regulatory environment.

As the largest economy in Southeast Asia, Indonesia has a significant young population dividend and considerable potential in the crypto market. With this move, Robinhood clearly aims to replicate its US strategy in the Asia-Pacific region: offering stocks and crypto in a one-stop solution.