African infrastructure firm lands $150M to launch crypto water token
— Raising funds, Financing, Infrastructure, African, Increase water availability, Claims, Population, Digital assets, Bring, Also listed — 1 min read
South Africa-based H20 Securities has reportedly raised $150 million through the sale of the H20N token. By raising funds to finance water projects, it claims to reduce the time it takes for water suppliers to deliver to new clients compared with traditional means. GEM Digital is a $3.4 billion Bahamas-based investment firm specializing in alternative investments such as digital assets and resource extraction devices. Its portfolio includes investments in Changing World Technologies, a food waste processing firm, and Neos Ocular, a firm that produces lasers to improve vision. GEM previously invested in the digital asset management service QBNK Holding AB, which is now owned by QBNk Holding AB. The token was also listed on the Bitmart centralized exchange (CEX Source