GSX will launch a water treatment plant asset tokenization project in Indonesia, aiming to raise 35 million USD

The blockchain infrastructure company Global Settlement Network (GSX) has partnered with the Indonesian local Globalasia Infrastructure Fund to launch a pilot project in Jakarta, Indonesia, focusing on the asset tokenization of 8 government-contracted water treatment plants. The goal is to raise up to $35 million for upgrading water treatment facilities and expanding the water supply network. These facilities currently serve over 36,000 residents, supplying approximately 2,300 liters of clean water per second, and are expected to generate over $15 million in revenue by the end of 2026. Global Settlement Network plans to gradually expand the asset tokenization program across Southeast Asia over the next 12 months, aiming for a scale of $200 million in tokenized water assets.