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According to Crowdfund Insider, Nasdaq-listed Lion Group Holding Ltd will invest up to $12 million in Indonesian fintech company PT Nusantara Bumi Sangkara through an investment participation and economic interest arrangement with Meili Capital Management Ltd, obtaining a 10% indirect economic interest. Lion Group will pay in common stock or other equity-linked securities rather than cash. PT Nusantara Bumi Sangkara is developing a stablecoin NIDR pegged 1:1 to the Indonesian rupiah and backed by reserve assets, and claims to have obtained regulatory approval or confirmation from the Indonesian Financial Services Authority (OJK). Lion Group stated that the transaction will expand its digital asset treasury layout, covering digital financial markets in Southeast Asia beyond Bitcoin and the Hyperliquid ecosystem.