Global Settlement Network Plans to Advance $200 Million Tokenized Water Project in Asia, First Stop in Jakarta

Odaily News Blockchain infrastructure company Global Settlement Network announced the launch of a pilot for tokenizing water assets, with plans to expand the project across Southeast Asia within the next 12 months, targeting a scale of $200 million. The pilot will first tokenize eight government-contracted water treatment facilities in Jakarta, aiming to raise up to approximately $35 million for facility upgrades and the expansion of the local water supply network.

During the project's advancement, relevant parties will also test a settlement channel using an Indonesian Rupiah stablecoin and gradually expand to more foreign exchange settlement scenarios in a controlled environment. Mas Witjaksono, Chairman of Indonesia's Globalasia Infrastructure Fund, stated that Indonesia possesses a significant amount of tokenizable assets in the infrastructure and natural resources sectors, and the related model has growth potential.

The report points out that the financing gap for water infrastructure in Southeast Asia continues to widen, with long-term investment needs potentially exceeding $4 trillion by 2040. Some industry insiders predict that as adoption accelerates in emerging markets, the tokenized real-world asset (RWA) market is expected to see significant growth by 2026. The current on-chain RWA market size has already surpassed $21 billion. (Cointelegraph)