H2O Securities Raises $150 Million For The Release Of Crypto Water Token

According to reports, H2O Securities, based in South Africa, sold the H2ON coin to the investment company GEM Digital to raise $150 million.

Due to their significant investment, GEM Digital will hold H2ON tokens, which will assist in funding the development of water delivery infrastructure in locations where there is a serious lack of access to fresh water.

GEM Digital is an expert in unconventional investments – H2O Securities

GEM Digital, a $3.4 billion investment firm established in the Bahamas, specialized in non-traditional investments such digital assets and resource extraction equipment. According to H2O Securities, its solution will increase the amount of water that the world’s population has access to while also spurring more significant growth in water infrastructure globally.

“The focus with the H2ON token is mainly on the financing of water projects abroad and not so much on the technical engineering and building of such projects,” H2 Securities CEO Julius Steyn stated in a joint release on July 4.

GEM Digital has a track record of making investments in technologies that seek to raise environmental and social standards. It has stakes in Changing World Technologies, which processes food waste, and Neos Ocular, which manufactures lasers to improve vision.

Digital asset management services firm QBNK Holding AB was a previous investment for GEM. Participants in the H2ON network, such as owners of water treatment facilities and their clients, will use H2ON to settle their bills. It makes the claim that by raising money to finance water projects, it will reduce the time it takes for water companies to deliver to new consumers in comparison to current ways.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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