LatAm energy giant executes landmark $75M oil and gas deal via blockchain tokenization
Feniix Power, an vitality agency primarily based in Latin America, has accomplished a $75 million acquisition of a dwell oil and gasoline operation utilizing blockchain tokenization, based on an announcement shared with Crypto on June 17.
International Settlement, a blockchain agency specializing in real-world property (RWAs), executed the deal by means of its GSX Protocol.
The protocol enabled instantaneous settlements, diminished counterparty threat, and lowered transaction charges. It additionally launched full transparency all through the funding and possession course of.
Notably, stablecoins had been used to settle the transaction, eradicating the necessity for conventional banking intermediaries. This marked a pivotal transfer in financing capital-intensive initiatives utilizing decentralized finance instruments.
The acquisition was structured completely by means of tokenized debt and fairness. An unnamed main commodity buying and selling firm offered the debt portion, making this the primary recognized occasion of a completely tokenized capital construction used to buy an energetic vitality asset.
Feniix Power’s Director, Alejandro Uribe, described the deal as a milestone in vitality financing. He mentioned that blockchain introduced unmatched pace, visibility, and belief options that had been usually lacking in conventional financing.
He mentioned:
“Our collaboration with International Settlement demonstrates how innovation can bridge conventional finance and the crypto financial system, unlocking substantial worth for our stakeholders.”
International Settlement founder Kyle Sonlin added that the deal aimed to showcase the real-world advantages of tokenization. He emphasised that on-chain infrastructure helped streamline capital flows and cut back operational prices.
Business observers see this acquisition as a breakthrough second for blockchain adoption in conventional sectors. The usage of tokenized capital in dwell infrastructure offers alerts rising confidence in blockchain as a financing instrument for institutional-grade initiatives.
The timing of this deal aligns with rising momentum within the RWA house. A June 16 report by CoinGecko famous that the tokenized treasuries market surged 544.8% in 2024, reaching an all-time excessive of $5.6 billion by April 2025.
