Global Settlement Network (GSN) said it launched a pilot to tokenize water treatment infrastructure in Jakarta.
The firm said it plans to scale tokenized water projects across Southeast Asia within 12 months, targeting $200 million in tokenized assets.
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The pilot covers eight government contracted Jakarta water treatment sites.
GSN said the first phase aims to raise up to $35 million to upgrade facilities and expand the water network, based on a statement released Wednesday.
The plan sits inside real world asset tokenization. That process puts real world assets on-chain through blockchain records.
In this case, the assets relate to water treatment operations and related infrastructure value.
Rupiah stablecoin settlement rails tested in “controlled corridors”
GSN said it will work with Globalasia Infrastructure Fund during the rollout.
The partners said they will test rupiah stablecoin settlement rails in “controlled corridors,” then expand into additional foreign exchange corridors as the program scales.
The firms framed the settlement effort as part of the same infrastructure rollout.
They linked the rupiah stablecoin settlement step to phased testing. They also tied the step to broader Southeast Asia tokenization plans.
Mas Witjaksono, chairman of Indonesia based Globalasia Infrastructure Fund, described the broader pipeline behind the project.
He said the initiative “offers significant opportunities for growth, as Indonesia has numerous major infrastructure developments and natural assets that can be accessed for tokenization.”
Water infrastructure financing gap highlighted as RWA.xyz tracks $21B on-chain
The firms said Southeast Asia faces a widening water infrastructure financing gap.
They said the region needs more than $4 trillion in long term water investment by 2040. They said current spending does not match that scale.
They also pointed to wider interest in real world asset tokenization during 2026.
The report said some crypto executives expect growth in tokenized assets in emerging economies. It linked that view to capital formation issues and foreign investment access.
Separate on-chain data showed the market size already tracked on public dashboards. RWA.xyz estimated more than $21 billion in real world assets on-chain as of Thursday.
The site also listed more than 629,528 holders tied to those on-chain real world assets.
Chainalysis links Southeast Asia crypto activity to Indonesia on-chain value growth
Southeast Asia already shows heavy crypto use in several datasets. The report cited the
Chainalysis crypto adoption index, released in September. It said the broader APAC region led growth in on-chain activity.
Chainalysis reported a 69% year over year increase in value received across the region.
The data point focused on on-chain flows rather than exchange signups. It placed Southeast Asia inside a wider APAC trend.
Chainalysis also flagged Indonesia in a follow up report. It said Indonesia ranked as the second largest market for on-chain value in the 12 months leading up to June 2025.
It reported a 103% increase over that period, adding context for the Jakarta tokenized water projects pilot.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: January 15, 2026 • 🕓 Last updated: January 15, 2026
