Blockchain infrastructure company GSX, in collaboration with a local Indonesian fund, is piloting water asset tokenization in Jakarta, aiming to raise up to approximately $35 million.

Techub News, according to Cointelegraph, blockchain infrastructure company Global Settlement Network (GSX) has partnered with Indonesia's local Globalasia Infrastructure Fund to launch a pilot in Jakarta, Indonesia. The initiative will tokenize assets of 8 government-contracted water treatment plants, aiming to raise a maximum of approximately $35 million for facility upgrades and water supply network expansion. These facilities currently serve over 36,000 residents, supplying about 2,300 liters of clean water per second, and are projected to generate over $15 million in revenue by the end of 2026. GSX also plans to expand this model across Southeast Asia within the next 12 months, targeting the formation of $200 million in tokenized water assets.