South Africa-headquartered H20 Securities has reportedly secured $150 million via fundraising from the GEM Digital investment entity, via the sale of the H20N token.

Specifically, via making investments of a significant sum like that, GEM Digital will have H20N tokens in their possession, which will be dedicated towards guiding funding in water delivery infrastructure in territories without sufficient access to fresh water.

GEM Digital reportedly functions as a $3.4 billion Bahamas-based investment entity, focusing mainly on alternative investments, nominally virtual assets and resource extraction devices. H20 Securities works towards the goal of bringing extra major development in water infrastructure throughout the globe, with a hope of the tools it provides will amplify water availability to the world’s population.

“The focus with the H2ON token is mainly on the financing of water projects internationally and not so much on the technical engineering and construction of such projects.” , Head of H20 Securities Julius Steyna additionally remarked via a joint announcement on July 4th. 

GEM Digital has acquainted itself with maing investments in technologies built towards the goal of enhancing environmental impacts and living conditions for humanity. Its portfolio includes investments in Changing World Technologies, a food waste processing firm, and Neos Ocular, a firm that produces lasers to improve vision.

Initially, GEM reportedly poured capital into the crypto asset management service QBNK Holding AB.

H20N will be utilized for the settlement of bills between H20N network participants, including water plant operators and their clients. Via obtaining funds in the form of fundraising to financially back water initiatives, it claims to bring down the required time for water suppliers to deliver to new clients, in comparison with traditional measures.

Coinciding with the announcement, H20N was also listed on the Bitmart centralized exchange (CEX) launchpad initial decentralized offer (IDO) platform on Monday.