LatAm Energy Giant Completes $75M Oil and Gas Deal via Blockchain Tokenization

Feniix Energy, a Latin American energy firm, has executed a groundbreaking $75 million acquisition of an operational oil and gas asset using blockchain tokenization. The deal, facilitated by Global Settlement''s GSX Protocol, Leveraged stablecoins for instant settlement, eliminating traditional banking intermediaries.

The transaction marks the first known use of a fully tokenized capital structure—combining debt and equity—to purchase an active energy asset. Alejandro Uribe, Feniix Energy’s Director, hailed the deal as a milestone, emphasizing blockchain’s ability to deliver speed, transparency, and trust absent in conventional financing.

Global Settlement’s protocol reduced counterparty risk and transaction fees while providing end-to-end visibility. The debt portion was underwritten by an unnamed commodity trading giant, signaling institutional confidence in crypto-enabled RWA transactions.