$200M Tokenized Water Infrastructure Planned For Southeast Asia

Blockchain infrastructure firm Global Settlement Network has announced a pilot to tokenize water treatment sites in Jakarta, aiming to eventually scale it out to the rest of Southeast Asia over the next 12 months with $200 million in tokenized assets.

Real-world asset tokenization involves minting financial and other tangible assets on the blockchain to increase investor accessibility and trading opportunities.

The initial pilot targets eight government-contracted water treatment sites in Jakarta for tokenization, aiming to raise up to $35 million for upgrading the facilities and expanding the water network in the area, according to a statement on Wednesday.

As part of the initiatives’ phased rollout over the next 12 months, both firms plan to test rupiah-stablecoin settlement rails in controlled corridors and then scale up to additional foreign exchange corridors. 

Following the pilot in Jakarta, the firms want to scale the project up to $200 million in tokenized assets across Southeast Asia.

Tokenization could help solve financing gaps

The chairman of Indonesia-based Globalasia Infrastructure Fund, Mas Witjaksono, said the project “offers significant opportunities for growth, as Indonesia has numerous major infrastructure developments and natural assets that can be accessed for tokenization.”