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

According to Mars Finance, blockchain infrastructure company Global Settlement Network (GSX) has partnered with Indonesian-based Globalasia Infrastructure Fund to launch a pilot project in Jakarta, Indonesia, to tokenize assets at eight government-contracted water treatment plants. The project aims to raise up to $35 million to upgrade water treatment facilities and expand water supply networks. These facilities currently serve over 36,000 residents, supplying approximately 2,300 liters of clean water per second, and are projected to generate over $15 million in revenue by the end of 2026. Global Settlement Network plans to gradually expand its asset tokenization program throughout Southeast Asia over the next 12 months, aiming to tokenize $200 million worth of water assets.