Thursday, September 29, 2022

H2O Securities Secures $150M from GEM Digital

Crypto startup, H2O Securities registered under the South African Exchange Trust Settlement Services just secured funding worth $150 million. H2O Securities received the funds from the sales of its token H2ON, which is the world’s first crypto water token.

The water token was listed on Coinmarketcap (CMC) for easy tracking in May 2022. H2ON also recently got listed on Bitmart centralized exchange (CEX) launchpad through the initial decentralized offering (IDO) route.

H20 is a startup that combines various infrastructural and financial constituents to deploy the operations of water plants. The company utilizes available infrastructure and seeks to explore options that promote development in the water sector.

They presently strive for viable solutions that will make water available all over the world. Julius Steyn, the CEO of H2O Securities announced that the fund’s focus is to sponsor international water projects. 

The unique business model of H20 Securities fueled the funding from GEM Digital, a digital assets investment firm in the Bahamas whose investments are across DEX and CEX tokens. With a value of about $3.4 billion, GEM specializes in funding projects that involve digital assets and extraction devices.

Besides H20 Securities, GEM Digital also has a diverse portfolio bordering on a food waste processing firm, Changing World Technologies. Another such firm is Neos Ocular, a firm that produces lasers to improve vision. GEM Digital has also made investments with a software firm, QBNK Holding AB.

H2O Securities Targets International Outreaches

The funds raised will be used to finance water supply in places of low and no access to clean potable water.

It will also resolve bills between the water operators and their clients. With this new settlement regime, water operators will get water to their clients in a shorter time compared to native methods.

The active funding in the crypto ecosystem has not slowed down despite the ongoing crypto onslaught.

In line with H20-related funding, Polygon also pulled $450 million in a funding round that involved the sales of tokens (MATIC). The round was led by Sequoia Capital in India and had contributions from 40 other partner investors. The $450 million realized from the sales increased the valuation of the Ethereum (ETH) scaling solution to $2 billion. 

Victoria Nye
A Blockchain columnist who is enthusiastic about developing a network interface between the real world and the cryptosphere.

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