Odaily Planet News: Blockchain infrastructure company Global Settlement Network has announced the launch of a pilot program for the tokenization of water utility assets. The company plans to expand the project across all of Southeast Asia within the next 12 months, with a target scale of $200 million. This pilot will initially tokenize eight water treatment facilities in Jakarta that are under government contracts, aiming to raise up to $35 million to fund facility upgrades and the expansion of the local water supply network.
During the project's implementation, stakeholders will also test the rupiah-stablecoin settlement channel and gradually expand it to more foreign exchange settlement scenarios under controlled conditions. Mas Witjaksono, Chairman of Indonesia's Globalasia Infrastructure Fund, stated that Indonesia has a large number of assets in infrastructure and natural resources that can be tokenized, and the relevant model has significant growth potential.
According to reports, the funding gap for water infrastructure in Southeast Asia continues to widen, with long-term investment needs potentially exceeding $4 trillion by 2040. Some industry insiders predict that as the adoption in emerging markets accelerates, the tokenization market for real-world assets (RWA) is expected to experience significant growth by 2026. Currently, the on-chain RWA market size has already surpassed $21 billion. (Cointelegraph)