A blockchain company plans to launch a $200 million tokenized water project in Asia, with the first stop in Jakarta.

Blockchain infrastructure company Global Settlement Network announced the launch of a water asset tokenization pilot program, planning to expand the project throughout Southeast Asia within the next 12 months, with a target size of $200 million. The pilot will initially tokenize eight government-contracted water treatment facilities in Jakarta, aiming to raise up to approximately $35 million for facility upgrades and expansion of the local water supply network. During the project's development, the parties involved will also test a stablecoin settlement channel in Indonesian Rupiah and gradually expand to more foreign exchange settlement scenarios under a controlled environment. Mas Witjaksono, Chairman of the Indonesian Globalasia Infrastructure Fund, stated that Indonesia possesses a large amount of tokenizable assets in the infrastructure and natural resources sectors, and the relevant model has growth potential. The report points out that the financing gap for water infrastructure in Southeast Asia continues to widen, with long-term investment required potentially exceeding $4 trillion by 2040. Some industry insiders predict that the real-world asset (RWA) tokenization market is expected to see significant growth in 2026 as adoption accelerates in emerging markets. Currently, the on-chain RWA market size exceeds $21 billion. (Cointelegraph)