Blockchain firm targets $200M expansion in tokenised water projects across Asia

Blockchain infrastructure firm Global Settlement Network has launched a pilot to tokenise water treatment facilities in Jakarta.

The project aims to scale to $200 million in tokenised assets across Southeast Asia within the next 12 months.

The initial phase targets eight government-contracted water treatment sites in Jakarta.

The pilot seeks to raise up to $35 million to upgrade facilities and expand the local water network.

Global Settlement Network is partnering with Indonesia-based Globalasia Infrastructure Fund on the initiative.

The rollout includes testing rupiah-based stablecoin settlement rails in controlled corridors before broader expansion.

The project offers significant opportunities for growth, as Indonesia has numerous major infrastructure developments and natural assets that can be accessed for tokenisation.

Mas Witjaksono said.

The firms said Southeast Asia faces a widening water infrastructure funding gap requiring more than $4 trillion in long-term investment by 2040.

Industry executives expect real-world asset tokenisation to accelerate in 2026, driven by emerging market adoption.

More than $21 billion worth of real-world assets are currently estimated to be on-chain, according to industry data.

Southeast Asia remains a major crypto adoption hub, with Indonesia recording strong growth in on-chain activity.