H2O Water Securities aims to finance water projects and facilitate access to drinking water for a large part of the population.
H2O Water Securities, a South Africa-based company that combines financing, infrastructure and experience in the deployment and operation of water plants, has launched the World's first water-linked crypto token.
The H2ON token, native to Water Network, has been developed to raise capital with which finance projects related to drinking water infrastructure worldwide.
According to the company, worldwide, more than two billion people (almost 30% of the world's population) live in conditions of water scarcity and this figure is expected to increase to 50% of the world's population by 2030, due to drought problems related to the climate change.
This water shortage problem is exacerbated by the lack of funding for water infrastructure, which could exceed $18 trillion by the end of 2030, according to a 2018 OECD report.
In this way, Water Network's H2ON token would become a means of raising capital to finance water infrastructure projects around the world.
Julius Steyn, CEO of H2O Securities, noted: “The purpose of the H2ON token is primarily the financing of water projects internationally and Not so much the technical engineering and construction of such projects.".
The token will be used to settle bills between H2ON network participants, including water plant operators and customersFurthermore, as the token is also used to raise funds to finance water-related projects, it is also intended to reduce the time it takes for water providers to supply new customers compared to traditional means.
For now, H2ON has caught the attention of one of the leading crypto equity investment firms, GEM Digital, which has acquired $150 million worth of tokens.
GEM Digital is a private equity firm specialized in utility tokens, as well as alternative investments and resource extraction devices valued at $3.400 billion.
GEM Digital also has experience investing in technologies that aim to improve the environmental impact and living conditions of disadvantaged people. Its investment portfolio includes companies such as Changing World Technologies, a food waste processing company, and Neos Ocular, which develops lasers to improve eyesight.
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