From Water Services to Tokens: GSX Launches $35 Million Infrastructure Asset Tokenization Pilot in Southeast Asia

【Blockchain Rhythm】Another real blockchain application has been implemented. On January 15th, infrastructure tokenization company Global Settlement Network (GSX) officially partnered with Indonesia’s local fund Globalasia Infrastructure Fund. The two parties decided to launch an ambitious pilot in Jakarta—asset tokenization of 8 government-signed water treatment plants.

It may sound unfamiliar, but the numbers tell the story: the fundraising goal is $35 million, to upgrade water treatment facilities and expand the water supply network. These water plants currently serve over 36,000 residents, supplying approximately 2,300 liters of clean water per second. According to the plan, by the end of 2026, these upgraded facilities will generate over $15 million in revenue.

More importantly, GSX does not plan to limit itself to Indonesia. They intend to gradually roll out this asset tokenization scheme across Southeast Asia over the next 12 months, targeting a tokenized water asset scale of $200 million.

The logic behind this is clear—public infrastructure typically has stable cash flows, but traditional financing channels are limited. Through tokenization, such assets can be sliced, made liquid, and traded, opening new possibilities for investors and project developers. From water treatment to other utilities, this model has especially promising potential in developing countries.