H2O Securities, an infrastructural firm based in South Africa, generated $ 150 million to introduce crypto water tokens. The company landed the funds from the investment of GEM Digital, a global investment company.
According to the operational plans of H2O Securities, funds from the water token launch are solely for infrastructural purposes. The company would use it to facilitate water supplies to places that lack adequate fresh water. The launch of this token marks the world’s first cryptocurrency water token to exist.
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