tl;dr
Latin American energy firm Feniix Energy completed a $75 million acquisition of a live oil and gas operation using blockchain tokenization. The deal was executed through Global Settlement's GSX Protocol, enabling instant settlements, reduced counterparty risk, lower transaction fees, and full transp...
Latin American energy firm Feniix Energy has completed a landmark $75 million acquisition of an active oil and gas operation through blockchain tokenization. This pioneering transaction utilized Global Settlement's GSX Protocol, achieving instant settlements, reducing counterparty risk, lowering transaction fees, and ensuring full transparency throughout the process.
The deal was uniquely settled using stablecoins, bypassing traditional banking intermediaries, which underscores the potential of decentralized finance tools in capital-intensive projects. Notably, this acquisition represents the first known instance of a fully tokenized capital structure purchase of a live energy asset, with debt financing provided by a leading commodity trading company.
Alejandro Uribe, Director of Feniix Energy, highlighted the milestone nature of the deal, emphasizing blockchain's ability to bring unmatched speed, visibility, and trust to energy financing, bridging traditional finance with the crypto economy to unlock substantial value for stakeholders. Global Settlement's founder, Kyle Sonlin, noted that on-chain infrastructure streamlined capital flows and helped reduce operational costs, showcasing blockchain's real-world benefits.
Industry experts view this transaction as a breakthrough for blockchain adoption within traditional sectors, signaling growing institutional confidence in tokenized real-world assets. The timing coincides with strong momentum in the tokenized asset space, evidenced by a 544.8% surge in the tokenized treasuries market in 2024, which reached an all-time high of $5.6 billion by April 2025.