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Report: South African Firm Launches 'Crypto Water Token' — Receives Investment of $150M – Bitcoin News

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The H2O token has been available on decentralized exchanges for the past few months, the report said. tokenlisting

The South African company behind the so-called “crypto water token” is reported to have secured an investment of $150 million from a Bahamas-based digital asset management company, GEM Digital. Initially available on decentralized exchanges only, the H2ON token was recently listed on the crypto exchange platform Bitmart.A South Africa-based water infrastructure firm, H2O Securities, is reported to have launched what has been described as the “world-first crypto water token.

In remarks following the revelation of GEM Digital’s investment, Julius Steyn, the CEO and founder of H2O Holdings, said: The focus with the H2ON token is mainly on the financing of water projects internationally and not so much on the technical engineering of such projects. Concerning the prior listing of the token on decentralized exchanges, Steyn said doing this had shown that there was great interest in the H2O token.

 

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