last posts

'Crypto Water Token' Report: South African Company Launches - Receives $150 Million Investment

'Crypto Water Token' Report: South African Company Launches - Receives $150 Million Investment. The South African corporation in the back of the so-called “crypto water token” is said to have secured an funding of $150 million from a Bahamas-based digital asset administration company, GEM Digital. Initially available on decentralized exchanges only, the H2ON token was once currently listed on the crypto alternate platform Bitmart.


'Crypto Water Token' Report: South African Company Launches - Receives $150 Million Investment


'Crypto Water Token' Report: South African Company Launches - Receives $150 Million Investment

The so-called 'crypto-water token' South African firm is said to have secured $150 million in funding from a digital asset management firm in the Bahamas


The Water Network

A South Africa-based water infrastructure firm, H2O Securities, is said to have launched what has been described as the “world-first crypto water token.” According to the firm, the token is anticipated to furnish get entry to to the company’s H2O water network. Already, a Bahamas digital asset funding company, GEM Digital, is said to have invested $150 million in the water infrastructure firm.


As per a CNBC TV18 report, the token, which was once listed on the crypto trade platform Bitmart on July 3, would turn out to be handy on secondary markets by means of July 7. The token has been on hand in decentralized exchanges for the past few months, the record said.


Julius Stein, CEO and founder of H2O Holdings, said in remarks following the unveiling of the investment by GEM Digital.


The focal point with the H2ON token is in general on the financing of water projects internationally and no longer so a whole lot on the technical engineering of such projects.


Concerning the prior record of the token on decentralized exchanges, Steyn stated doing this had proven that there was once high-quality hobby in the H2O token.


On its website, H2O Securities claims the H2O Water Network is “a closed-loop ecosystem” where the token is used as a method for beneficial these participating in the network. GEM Digital, on the other hand, says it is sourcing, structuring and investing in over 30 listed utility tokens.

Comments



Font Size
+
16
-
lines height
+
2
-