Indonesia Crowdfunding Exchange (ICX), a securities crowdfunding platform previously known as LandX, is now prioritizing investment quality through a stock buyback mechanism. This step was taken as a concrete effort to provide a profitable exit strategy for investors, while serving as a vital indicator in measuring platform credibility amid an increasingly mature industry competition.
As of June 2026, ICX recorded that 16 issuers successfully completed buyback mechanisms with a cumulative value reaching IDR 71 billion. These funds have been distributed to 7,924 investors. The property and food & beverage (F&B) sectors were the primary contributors to this success, driven by efficient capital utilization and healthy cash flow management by issuers.
President Director of ICX, Romario Sumargo, emphasized that the company has pursued a recalibration strategy over the past two years. The main focus shifted from pursuing new issuer volume to strengthening governance, risk management, and more selective curation. This policy is viewed as a crucial mitigation step amid an era of stricter regulatory compliance enforcement for the SCF industry.
In addition to these achievements, ICX demonstrated transparency in risk management by reporting the current condition of 46 issuers it has partnered with. Four issuers experienced operational challenges, one of which has been delisted from the platform, while the remaining three are still in the process of fulfilling investor rights. This decisive action was taken to maintain long-term investor trust.
To date, ICX has facilitated IDR 233 billion in funding from approximately 23,000 investors. With growing public risk literacy, ICX believes that a platform's ability to facilitate exit mechanisms will become the new standard for evaluating investment quality in the future, surpassing mere accumulated funding figures.
