Sustainable impact investing in blockchain and water
The South African company H20 Securities received sustainable impact investing round of $150 million from the GEM Digital investment firm through the sale of the H20N coin.
GEM Digital will own H20N tokens as a result of its massive investment, which will be used to steer investments in water delivery infrastructure in locations where fresh water is scarce.
H2O Securities and the H2ON Token enable the faster growth of water infrastructure and solutions through the use of its token approach and blockchain technology. The company intends to accelerate global water infrastructure development and believes its solution will enhance water availability to the world's population.
In a joint release on July 4, CEO of H20 Securities Julius Steyn stated, "The focus with the H2ON token is primarily on the worldwide financing of water projects, rather than the technical engineering and building of such projects."
On July 4, alongside the announcement, the H20N was also added to the Bitmart centralised exchange (CEX) launchpad's initial decentralised offer (IDO) platform.
GEM Digital- sustainable investment strategy
GEM Digital, based in the Bahamas, is a $3.4 billion investment corporation that specialises in alternative investments such as digital assets and resource extraction equipment. The company offers sustainable impact investment in technologies that aim to better the environment and human living situations. Its portfolio includes investments in Changing World Technologies, a food waste processing company, and Neos Ocular, a laser manufacturer.
GEM portfolio also includes investment in QBNK Holding AB, a digital asset management business.
H20N will be used to pay invoices between H20N network members, such as water plant owners and their customers. The company claims that generating capital to finance water projects will shorten the time it takes water suppliers to supply to new consumers compared to existing methods.
For more Latest Moni news check out Latest Moni.
Author: Priya Kumari
Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.