Global Settlement Network plans a $200 million Southeast Asia water asset tokenization within a year, starting with Jakarta’s eight contracted facilities to fund upgrades and test stablecoin settlements.
Global Settlement Network announced a pilot to tokenize $200 million worth of water assets across Southeast Asia within 12 months, beginning with eight government-contracted water facilities in Jakarta. The initial phase aims to raise up to $35 million for infrastructure upgrades while testing stablecoin-based settlement systems. This expansion builds on GSX’s partnership with Globalasia Infrastructure Fund, which targets modernization of facilities serving over 36,000 residents. The project represents a push to integrate blockchain asset ownership into public utilities across the region.