H2O Securities Bags USD 150 Mn From GEM Digital


The South African registered Exchange Trust Settlement Services, through its newly established H2O Securities division, developed the H2O Water Network and the world’s first Water Utility Cryptographic Token. The H2O Water Network is an innovative solution that combines finance, infrastructure, and expertise in the deployment and operation of water plants globally. 

The H2O Water Network modernises financing, deployment and operation of water plants through the use of blockchain technology. Following a public offer of H2O Securities’s digital water token, fittingly dubbed the H2ON (Water Network) Token, on Binance Smart Chain (BSC) in April this year, it was also successfully listed on Coin Market Cap (CMC) in May 2022. 

This paved the way for an investment totaling $150 million from GEM Digital Limited, a digital asset investment firm based in the Bahamas focusing on actively sources, constructs, and invests in utility tokens that are listed on over 30 CEXs and DEXs around the world. GEM (Global Emerging Markets) is a $3.4 billion alternative investment firm with offices in Paris, New York, and the Bahamas. GEM oversees a wide range of developing market investment vehicles and has executed over 525 transactions in seventy-five countries. 

Announcing the GEM investment, Exchange Trust founder and CEO Julius Steyn said that after two years of research and development, the company is now ready for business. “We are extremely pleased with GEM’s interest and investment in H2O Securities and believe that the partnership will be mutually beneficial for years to come.

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