Global Settlement Network Starts Jakarta Water Facility Tokenization Pilot, Eyes $200M Southeast Expansion

By blockchain-tokenizing eight Jakarta water treatment facilities and testing stablecoin payments, GSN and Globalasia hope to raise $35 million before growing throughout the region.

With $200 million in tokenized assets, blockchain infrastructure company Global Settlement Network has announced a pilot project to tokenize water treatment facilities in Jakarta with the goal of eventually expanding it to the rest of Southeast Asia over the course of the following year. To improve investor accessibility and trading opportunities, real-world asset tokenization entails minting financial and other tangible assets on the blockchain.

According to a statement on Wednesday, the first pilot aims to raise up to $35 million for modernizing the facilities and extending the water network in the area by tokenizing eight government-contracted water treatment sites in Jakarta.

GSN and its partner Globalasia Infrastructure Fund intend to test rupiah-stablecoin settlement rails in controlled corridors before expanding to other foreign exchange corridors as part of the initiatives' phased rollout over the next 12 months. The companies intend to expand the concept to $200 million in tokenized assets throughout Southeast Asia after the Jakarta pilot.

Mas Witjaksono, chairman of the Indonesia-based Globalasia Infrastructure Fund, stated that the project has substantial growth potential because Indonesia has a number of big infrastructure developments and natural resources that may be used for tokenization.

According to the businesses, there is a growing financial deficit for water infrastructure throughout Southeast Asia. By 2040, more than $4 trillion in long-term water investment is needed, surpassing current spending.

According to some cryptocurrency executives, the market for tokenized real-world assets (RWAs) is expected to expand dramatically in 2026 due to adoption in developing nations that struggle to attract foreign investment and form capital.

RWA.xyz estimates that as of Thursday, more than 629,528 holders had more than $21 billion in RWA on the chain.

Southeast Cryptocurrency adoption is already rather high in Asia. The APAC area, which includes Southeast Asia, was found to have the fastest-growing on-chain crypto activity, with a 69% year-over-year rise in value received, according to the September edition of the Chainalysis crypto adoption index.