Global Settlement Network has announced a $200 million initiative to tokenize water utility assets across Southeast Asia, starting with a pilot in Jakarta. The project will initially focus on eight water treatment facilities in Jakarta, aiming to raise $35 million for upgrades and network expansion. The initiative will also test a rupiah-stablecoin settlement channel, with plans to extend it to more foreign exchange scenarios. This move comes amid a growing funding gap in Southeast Asia's water infrastructure, with investment needs potentially exceeding $4 trillion by 2040.