According to PANews, Latin American energy company Feniix Energy has successfully acquired oil and gas assets valued at $75 million through blockchain tokenization. The transaction was facilitated by Global Settlement, a blockchain firm specializing in real-world assets, using its GSX protocol. This protocol enabled instant settlement, reduced counterparty risk and transaction fees, and ensured full transparency throughout the financing and ownership process.
The acquisition was notably settled using stablecoins, eliminating the need for traditional banking intermediaries. The deal was structured entirely through tokenized debt and equity, marking the first known instance of a producing energy asset acquisition using a fully tokenized capital structure. An unnamed leading commodity trading company provided the debt component for the transaction.
