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

BlockBeats News, January 15th, Blockchain infrastructure company Global Settlement Network (GSX) has partnered with Indonesia's local Globalasia Infrastructure Fund to launch a pilot project in Jakarta, Indonesia. The project aims to tokenize the assets of 8 government-contracted water treatment plants, with a target fundraising goal of up to $35 million. The funds will be used to upgrade water treatment facilities, expand the water distribution network, and more. 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 its asset tokenization program to the entire Southeast Asia region over the next 12 months, aiming to tokenize water assets worth $200 million.