- H2O Securities receives $150 million for $H20N tokens
- Funds will finance water infrastructure projects globally
- Project secured funding from international investment firm, GEM Digital
South African Investment firm H2O Securities has just bagged a $150 million investment from international firm, GEM Digital.
The crypto startup firm raised the amount by selling its native H2ON tokens to the investment giant and will use the funds to boost water delivery infrastructure in areas with inadequate access to fresh water.
H2O Securities launches the world’s first water token
The project by the South African crypto company is a global trendsetter in digitizing global water finance.
While speaking on the new funding development, the project’s CEO insisted H2O Securities is more focused on financing water projects rather than the technical engineering and construction.
The H2ON tokens will give GEM Digital staking and participation rights on the H2O Water Network, the project’s blockchain. The team will use the funds to settle network bills and finance water projects across the globe.
On 4th July, H2O Securities also announced the listing of the native token, $H2ON on the centralized exchange Bitmart. However, it has been available for trading on several decentralized exchanges for a few months now.
$H20N token latest addition to GEM’s portfolio
The digital asset investment firm is not new to investing in cause-worthy projects. It has previously invested in Changing World Technologies, and Neos Ocular.
The Bahamas-based firm latest asset addition will make it easier for H2O Securities to avail clean water to a larger population.
GEM Digital is well-known for specializing in alternative investments. Its latest investment venture comes as crypto projects on the African continent are taking off, with more individual and corporate investors taking keener interest.
