GEM Digital Uses H20N Tokens to Fund Water Delivery Infrastructure – Bits Media

South African company H20 Securities sold its H20N tokens on $150 Milln Bahamas Investment Company Gem Digital, specializing in digital assets.

H20 Securities is engaged in the creation and financing of projects for the delivery of fresh water to African regions. By according to company CEO Julius Stein (Julius Steyn), H20N is mainly intended for financing projects at the international level, and not for their technical design. That is, the company is looking for individual contractors.

GEM Digital, which manages assets worth approx. $3.4 billion, invests in digital assets and resource extraction devices. The company will use H20N tokens to finance infrastructure for delivering water to areas, where there is no access to fresh water.

GEM Digital has previously invested in projects, aimed at improving the environment, eg, food waste recycling company Changing World Technologies. Besides, her portfolio includes investments in Neos Ocular, producing lasers to improve vision.

H20N tokens will be used to pay bills between network participants, including wastewater treatment plant operators and their customers. Raising funds to finance such projects, The company claims, which reduces time, necessary for suppliers to deliver water to new customers.

Previously, the FTX cryptocurrency exchange announced, that he plans to create a charitable foundation for $1 billion, to prevent the next pandemic, and also combat environmental problems.