GSX and Globalasia launched a tokenised water infrastructure initiative in Southeast Asia with a pilot in Indonesia.
Global Settlement Network (GSX) and Globalasia Infrastructure Fund (GIF) have partnered to develop real-world asset tokenisation and a stablecoin-based settlement framework across Southeast Asia, starting with a US$30 million pilot focused on government-contracted water treatment facilities in Indonesia.
Southeast Asia’s water sector requires US$4 trillion in long-term investment by 2040, outpacing current spending and leaving millions without reliable access to clean water. With the initiative, the companies aim to offer institutional investors infrastructure-linked returns with settlement and transparency comparable to traditional capital markets.
The framework combines GIF’s regional regulatory expertise and infrastructure pipeline with GSX’s finance-grade Layer-1 tokenisation stack, reducing cross-border friction for institutional investors by enabling rupiah-denominated stablecoin clearing and near-instant settlement finality.
The initial pilot targets eight water treatment sites in Jakarta that serve more than 36,000 residents and deliver over 2,300 litres of clean water per second. Under the framework, the assets will be tokenised to raise up to US$35 million in new financing, which will be used to expand treatment capacity and extend piping networks throughout the region.
“We are excited to be working with GSX to develop asset tokenisation for real-world projects within Indonesia,” said Witjaksono, representing Globalasia. “This collaboration gives issuers and institutions a practical way to finance infrastructure and other ESG-linked assets while working hand-in-hand with regulators.”
“This is about transforming essential infrastructure finance,” said Kyle Sonlin, President of Global Settlement Holdings Inc. (GSX). “By combining GSX’s settlement infrastructure with GIF’s regional distribution and project pipeline, we can reduce cross-border friction and unlock ESG-aligned capital markets at scale.”
The framework is engineered to align with FATF’s 40 Recommendations and local KYC and AML requirements, while supporting ISO 20022 messaging standards. A 12-month roadmap that begins with pilot issuances and rupiah-stablecoin will be tested over the next three months.
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