Feniix Vitality, an power agency based mostly in Latin America, has accomplished a $75 million acquisition of a stay oil and gasoline operation utilizing blockchain tokenization, in accordance with an announcement shared with CryptoSlate on June 17.
International Settlement, a blockchain agency specializing in real-world property (RWAs), executed the deal via its GSX Protocol.
The protocol enabled immediate settlements, decreased counterparty danger, 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 tasks utilizing decentralized finance instruments.
The acquisition was structured totally via tokenized debt and fairness. An unnamed main commodity buying and selling firm supplied the debt portion, making this the primary identified occasion of a totally tokenized capital construction used to buy an energetic power asset.
Feniix Vitality’s Director, Alejandro Uribe, described the deal as a milestone in power financing. He stated that blockchain introduced unmatched pace, visibility, and belief options that had been typically lacking in conventional financing.
He stated:
“Our collaboration with International Settlement demonstrates how innovation can bridge conventional finance and the crypto economic 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.
Trade observers see this acquisition as a breakthrough second for blockchain adoption in conventional sectors. Using tokenized capital in stay infrastructure offers alerts rising confidence in blockchain as a financing device for institutional-grade tasks.
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.
