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Redefining Blockchain for Financial Institutions – A Conversation with D3 Labs

Imagine a world where financial institutions can tokenize real assets like property and commodities, making them as easy to trade as cryptocurrencies. This is the vision D3 Labs is bringing to life. 

Co-founded by two veterans from Tokocrypto, Indonesia’s largest crypto exchange, and banking experts in Souteast Asia, D3 Labs aims to unlock the potential of blockchain beyond digital currencies, focusing on real-world asset tokenization. With a mission to simplify blockchain adoption for businesses, D3 Labs is paving the way for mainstream financial institutions to harness the power of decentralized technology.

In this interview, we dive deep into the story behind D3 Labs, their innovative solutions like SeaSeed, and their role in shaping the future of blockchain in the financial sector.

1. Could you give us a quick background on D3 Labs? How did the company come about, and what’s the mission behind it?

    Re: D3 Labs is a blockchain infrastructure provider designed specifically for financial institutions, helping them implement blockchain solutions like real-world asset tokenization. The company was founded by Chung Ying Lai, who also founded Tokocrypto, Indonesia’s largest crypto assets exchange, and Tigran Adiwirya, ex-VP of Tokocrypto. After successfully exiting Tokocrypto, Chung Ying Lai together with Tigran Adiwirya and the founding team launched D3 Labs, driven by a shared belief in the broader potential of blockchain technology beyond crypto assets. Our mission is to enable financial institutions to harness blockchain for more efficient, secure, and innovative solutions, particularly in tokenizing real-world assets for mainstream adoption in the financial sector.

    2. You focus on blockchain adoption — how are you making that process simpler for businesses?

      Re: At D3 Labs, we are committed to simplifying blockchain adoption for businesses, particularly in the financial sector. We focus on three key areas to make this process easier:

      1. Tailored Infrastructure: We provide modules of blockchain solutions that can integrate seamlessly with their legacy systems. This helps businesses adopt blockchain without needing to overhaul their entire IT framework.
      2. Real-World Adoption: One of our specializations is real-world asset tokenization, which offers practical and immediate applications for businesses. By demonstrating clear value propositions, such as increased efficiency, security, and liquidity, we help businesses see how blockchain can solve their specific challenges.
      3. Regulatory Compliance: Navigating regulatory landscapes can be challenging, especially with new technologies like blockchain. We work closely with regulatory bodies and ensure that our solutions comply with local regulations, reducing the risk and complexity for businesses adopting blockchain technology.

      These efforts streamline blockchain integration, enabling businesses to focus on innovation and growth while leveraging the benefits of decentralized technology.

      3. You’ve got some interesting products, like SeaSeed. Can you tell us more about how it’s helping businesses with digital asset solutions?

        Re: SeaSeed is one of our flagship products at D3 Labs, designed to help businesses seamlessly adopt digital asset solutions through real-world asset tokenization. The platform enables enterprises to tokenize various types of assets, such as property or commodities, and transform them into digital tokens that can be easily traded or used within financial ecosystems.

        Here’s how SeaSeed benefits businesses:

        1. Efficiency: By reducing reliance on third-party intermediaries, SeaSeed streamlines processes, cutting down costs and improving transaction speeds, which boosts overall enterprise efficiency.
        2. Transparency: SeaSeed enables a single, shared view of tamper-proof data across all participants. This not only reduces fraud risks but also enhances auditability, making it easier for businesses to maintain regulatory compliance.
        3. Security: Leveraging cryptographic protocols, SeaSeed ensures high levels of security across a decentralized network, making it resistant to malicious attacks and harder to compromise.
        4. Liquidity: SeaSeed promotes liquidity by enabling the fractionalization of assets, making them more accessible to a wider pool of investors. This flexibility helps businesses attract new sources of capital.
        5. Collaboration: It fosters collaboration among stakeholders by breaking down silos, leading to better decision-making and improved financial outcomes.
        6. Programmability: With programmable money and assets, SeaSeed supports features like embedded compliance, embedded finance (such as lending and borrowing), and atomic settlement, eliminating credit risks and streamlining financial processes.

        Overall, SeaSeed provides businesses with the modules they need to leverage digital assets effectively, streamlining processes and creating new opportunities in the digital economy.

        4. What’s one feature or aspect of your solutions that really sets D3 Labs apart from others in the space?

          Re: One key feature that sets D3 Labs apart is our focus on real-world asset tokenization tailored specifically for financial institutions. While many blockchain providers concentrate on crypto assets, we specialize in bridging the gap between traditional financial systems and blockchain technology. Our solutions are designed to tokenize real assets like property, commodities, and securities, providing businesses with tangible benefits such as liquidity and seamless cross-border transactions.

          In addition, our deep integration with regulatory frameworks ensures that our solutions meet compliance standards, giving financial institutions the confidence to adopt blockchain technology in a secure and compliant manner. This combination of real-world applicability and regulatory alignment makes D3 Labs a standout in the space.

          5. How are your products improving trust and transparency for your clients?

            Re: Our products improve trust and transparency for clients by leveraging a permissioned private blockchain model with Proof of Authority (PoA) consensus. This approach ensures that validators are vetted entities, which is crucial for enterprises that require accountability and reliability in the event of any network issues. The chain used by SeaSeed is compatible with several blockchain technologies, such as Polygon Edge, Hyperledger Besu, and XRPL, each offering high transaction speeds, security, and interoperability with public blockchains like Ethereum.

            In addition, Regulatory Smart Contracts ensure that businesses can manage risks by allowing contingency actions such as freezing assets, force-burning tokens, and ensuring compliance through whitelist and blacklist management. This builds trust by guaranteeing regulatory safeguards within the blockchain.

            Furthermore, we provide flexible node hosting options, either in the cloud or on-premises, to align with the specific needs of clients, including compliance and security requirements. Our Key Management Services (KMS) are integrated into both cloud and on-prem environments to ensure secure transaction signing, enhancing both security and operational integrity.

            By incorporating these advanced features, we ensure a transparent, secure, and trusted blockchain environment for our enterprise clients.

            6. You’ve got a blog packed with insights. What kind of topics do you focus on there? Anything exciting coming up soon?

              Re: Our primary focus is leveraging blockchain technology to meet the specific needs of our banking clients. Concurrently, we are actively engaging with government stakeholders to communicate the potential economic impact of blockchain implementation within the financial sector. These efforts aim to facilitate regulatory changes that would enable broader access to the web3 for banks and the financial industry. 

              By considering our focus above, our blog should cover topics related to the following:

              1. Use cases and benefits of blockchain for financial institutions;
              2. Regulatory update on blockchain and digital assets in Southeast Asia, specifically in Indonesia;
              3. Global trends for blockchain adoption by financial institutions; and
              4. CBDCs development update, specifically in Indonesia.

              7. What do you think are the biggest trends in blockchain that businesses should be paying attention to right now?

                Re : We firmly believe that real-world assets tokenization represents a revolutionary concept that brings tangible, real-world assets onto the blockchain, offering a unique blend of stability and growth potential. Aligned with our mission to bridge the gap between traditional finance, businesses, and blockchain technology, we are determined to become the foremost pioneer of blockchain infrastructure providers in Indonesia for real-world asset tokenization. Our recent partnership with top banks in Indonesia for REITs tokenization (with BTN), identity management, and other ongoing use cases underscores our commitment to shaping the future of blockchain technology.

                The trend circling around other than real-world asset tokenization also includes the rise of CBDCs (Central Bank Digital Currencies), blockchain interoperability, blockchain for identity management to help comply with the PDP (personal data protection) Law, and blockchain solutions for traditional enterprises

                8. It looks like you have a strong team! What’s the culture like at D3 Labs, and what kind of talent are you looking to bring on board?

                  Re: D3 Labs values are 3E, Entrepreneurship, Equality, and Execution, we try our best and consistently to make sure all employees remember our values, we aspire for people to collaborate with each other to accomplish their goals (because we believe that there is no Superman in D3 Labs) and we treat our team as family and doesn’t want to create a system that they do not enjoy with.

                  We are keen to onboard talents with a desire for blockchain, eager to learn, curious, and proactive will be the best-fit talent for us, also a add up, we need talent that can communicate so he/she can bring new ideas to D3 Labs. 

                  9. How do you ensure that your team stays innovative and motivated in such a fast-moving industry?

                    Re: as a family, we treat our team members as our brothers and sisters, and engagement with the employee is a must, yes we have performance reviews and all the meetings, but humanizing them is the things that make our team stay motivated and give 120% to the family.

                    10. What’s next for D3 Labs? Any big plans or milestones on the horizon that you’re excited about?

                      Re: D3 Labs has some exciting milestones ahead. We recently announced our REITs tokenization initiative in collaboration with BTN, a major Indonesian state-owned bank. This project will revolutionize real estate investment by enabling digital assets that represent real estate properties. Additionally, we are gearing up for a gold tokenization project in partnership with a leading bullion service in Indonesia, further expanding the use of blockchain in asset tokenization.

                      On the regulatory front, we are in the process of contributing to the Bank of Thailand (BOT) sandbox together with a bank-affiliated company in Thailand, a significant step toward expanding our reach and testing innovative blockchain solutions in a controlled environment. Lastly, we are thrilled to be co-hosting Indonesia Blockchain Week alongside Tokocrypto, Saison Capital, and Confiction Labs, which will serve as a platform for industry leaders to discuss the future of blockchain in Southeast Asia. These initiatives mark a significant phase of growth for D3 Labs as we continue to drive blockchain adoption in the region.

                      11. Where do you see blockchain technology going in the next few years, and how is D3 Labs positioning itself for that future?

                        Re: In the next few years, blockchain technology is set to become a core infrastructure across various industries, with a particular focus on financial services, supply chain management, and real-world asset tokenization. We foresee blockchain playing a pivotal role in enabling seamless cross-border transactions and offering enhanced security and transparency for traditional assets.

                        D3 Labs is positioning itself to lead in this future by focusing on enterprise-grade blockchain solutions tailored to financial institutions. Our ongoing projects demonstrate how we’re leveraging blockchain to tokenize real-world assets, making them more accessible, liquid, and secure. Moreover, by integrating with regulatory sandboxes, we ensure that our solutions are not only innovative but also compliant with evolving regulations.

                        We are also committed to building a flexible infrastructure that supports interoperability with both public and private blockchains while ensuring high security and scalability. This future-proof approach positions D3 Labs to continue empowering businesses with blockchain technology as it becomes mainstream across multiple sectors.

                        Our conversation with D3 Labs highlighted their unique approach to bridging traditional finance and blockchain technology. By focusing on real-world asset tokenization and providing seamless, compliant blockchain infrastructure, D3 Labs is carving out a distinct path in the financial sector. With exciting projects like REITs tokenization and partnerships across Southeast Asia, it’s clear that D3 Labs is not just following trends but actively shaping the future of blockchain adoption.

                        We’re excited to see how D3 Labs continues to push the boundaries of decentralized finance and unlock new opportunities for financial institutions worldwide. Keep an eye on them as they redefine what’s possible in blockchain.