South African Firm Raises $150 Million for World-First Crypto Water Token

Thanks to a $150 million investment by Bahamas-based global investment company, GEM Digital, South Africa’s H20 Securities has been able to launch the world’s very first cryptocurrency water tokens. 

The goal of these new tokens – which are available via a crypto exchange known as Bitmart, and which can also be traded using ApeSwap DeFi – is to fund a number of global water initiatives. 

H20 Securities’ founder, Julius Steyn, has revealed his hopes that the crypto water tokens will lead to more cost-effective water infrastructure, as well as faster and more efficient water production processes.

If this does prove to be the case, the new water tokens will not only represent a unique development in the world of digital money, but they could also bring positive changes to the lives of many people across the globe – including many who have perhaps never even heard of crypto. 

What this means for crypto – and the world’s water infrastructure

To understand the significance of this new water token achievement, it’s worth embracing some crypto learning to help you grasp the backstory behind it. Familiarising yourself with the terminology of cryptocurrency, and the evolution of digital money over the past decade and more, will reveal just how revolutionary this latest development is – particularly as it is set against the backdrop of 2022’s ‘crypto winter’. 

Speaking of which, just what do these new water tokens represent, for both the crypto market and global water infrastructure?    

There can be little doubt that this new token represents one of the most positive news stories the cryptocurrency market has seen this year. Whoever buys the new water tokens from H20 Solutions will become part of the firm’s H20 Water Network. Within this network, the tokens can be used to pay for water infrastructure equipment and services. In addition, the use of these tokens will make it easier for banks and investment firms to finance new water projects that will provide fresh water to struggling communities living in water-scarce regions. 

As a result, these water tokens do not just have the intrinsic value you will find with the tokens of other cryptocurrencies, such as Bitcoin. Because they represent real-life water processing plants, and other resources and services, these H20 tokens have a tangible real-world value. 

Because H20 Securities uses what they describe as a ‘closed loop ecosystem’, with a digital currency, and because they make use of blockchain smart contracts, the firm says its network has the ability to effectively manage various risks that could cause problems for other organisations. These risks include political and environmental issues, as well as credit default and currency risks. The network also uses the Internet of Things (IoT) to maintain connections between its water plants and the various participants involved in the network, so all transactions are automated.

Bringing water to those most in need

As well as being a new addition to the cryptocurrency market, the most significant aspect of H20 Solutions’ new crypto water token is the important goal behind it: to provide funding for water infrastructure in the areas that need it most. And it seems this innovation has come not a moment too soon; with both Northern and Southern Africa currently suffering from severe drought conditions, this new infrastructure is required now more than ever.