GSN to pursue $200M tokenization of Southeast Asian water facilities

Blockchain infrastructure firm Global Settlement Network (GSN) has announced a pilot program to tokenize water purification facilities in Jakarta, Indonesia, Cointelegraph reported. GSN stated that it plans to pursue a $200 million tokenization project across Southeast Asia. In the initial phase, the company will tokenize eight government-contracted facilities to raise $35 million, after which it will pilot a rupiah-based stablecoin payment infrastructure over the next 12 months.