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

Techub News reports that blockchain infrastructure company Global Settlement Network (GSX) has partnered with Indonesia-based Globalasia Infrastructure Fund to launch a pilot in Jakarta, Indonesia. The project will tokenize assets of 8 government-contracted water treatment plants, aiming to raise up to 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. By the end of 2026, the project is expected to generate over $15 million in revenue. GSX also plans to expand this model across Southeast Asia within the next 12 months, targeting a tokenized water assets portfolio worth $200 million.