A blockchain company plans to launch a $200 million tokenized water project in Asia, with the first stop in Jakarta.
TL;DR
A blockchain company is launching a $200 million tokenized water project in Asia, starting with eight facilities in Jakarta to raise $35 million for upgrades. The initiative will test stablecoin settlements and aims to address Southeast Asia's $4 trillion water infrastructure gap, with RWA tokenization expected to grow significantly by 2026.
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Odaily Odaily that blockchain infrastructure company Global Settlement Network has announced the launch of a water asset tokenization pilot program, with plans to expand the project throughout Southeast Asia within the next 12 months, targeting a scale of $200 million. The pilot will initially tokenize eight government-contracted water treatment facilities in Jakarta, aiming to raise up to approximately $35 million for facility upgrades and expansion of the local water supply network.
During the project's progress, the parties involved will also test the Indonesian Rupiah stablecoin settlement channel and gradually expand it to more foreign exchange settlement scenarios under controlled conditions. Mas Witjaksono, Chairman of the Indonesian Globalasia Infrastructure Fund, stated that Indonesia possesses a large amount of tokenizable assets in the infrastructure and natural resources sectors, and the relevant 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 required potentially exceeding $4 trillion by 2040. Some industry insiders predict that the real-world asset (RWA) tokenization market is poised for significant growth in 2026 as adoption accelerates in emerging markets. Currently, the on-chain RWA market size exceeds $21 billion. (Cointelegraph)