Feniix Energy, a Latin America-based energy company, has completed its $75 million live oil and gas operations acquisition using blockchain tokenization. Encryption June 17th.
Global Settlement, a blockchain company specializing in real-world assets (RWAS), has carried out the transactions through the GSX protocol.
The protocol allows for reduced instant settlements, counterparty risk and transaction fees. It also introduced full transparency throughout the funding and ownership process.
In particular, stablecoins were used to resolve transactions, removing the need for traditional bank intermediaries. This marked a pivotal move in using decentralized financial tools to fund capital-intensive projects.
The acquisition was fully constructed through tokenized debt and fairness. An unknown large commodity trading company provided the debt portion, becoming the first known instance of a fully tokenized capital structure that uses it to purchase active energy assets.
Feniix Energy Director Alejandro Uribe described the transaction as a milestone in energy financing. He said blockchain has provided unparalleled speed, visibility and trust features that were often lacking in traditional funding.
He said:
“The collaboration with global settlements shows how innovation can fill traditional finance and crypto economies, unlocking substantial value for stakeholders.”
Kyle Sonlin, founder of Global Settlement, added that the deal is intended to showcase the real-world benefits of tokenization. He emphasized that on-chain infrastructure can help streamline capital flows and reduce operational costs.
Industry observers see the acquisition as a groundbreaking moment for the adoption of blockchain in the traditional sector. The use of tokenized capital in live infrastructure transactions demonstrates increased confidence in blockchain as a funding tool for facility-grade projects.
The timing of this transaction coincides with rising momentum in the RWA space. A June 16 report by Coingecko noted that the tokenized Treasury market in 2024 skyrocketed 544.8%, reaching an all-time high of $5.6 billion by April 2025.
