$200M Tokenized Water Infrastructure Planned For Southeast Asia
Global Settlement Network plans to tokenize water treatment sites in Jakarta, aiming for $200 million in tokenized assets across Southeast Asia.Summary
Blockchain infrastructure firm Global Settlement Network is launching a pilot to tokenize eight government-contracted water treatment sites in Jakarta, aiming to raise $35 million for facility upgrades. This initial project is part of a larger 12-month rollout across Southeast Asia, targeting $200 million in tokenized real-world assets (RWA). The initiative seeks to address the significant water infrastructure financing gap in the region, estimated to require over $4 trillion by 2040. The firms also plan to test rupiah-stablecoin settlement rails during the phased rollout. Tokenization is seen as a way to improve investor accessibility and attract capital to infrastructure development in emerging economies like Indonesia, which already shows high crypto adoption.
(Source：Cointelegraph)