Feniix Energy, an energy firm based in Latin America, has completed a $75 million acquisition of a live oil and gas operation using blockchain tokenization, according to a statement shared with Crypto on June 17.
Global Settlement, a blockchain firm specializing in real-world assets (RWAs), executed the deal through its GSX Protocol.
The protocol enabled instant settlements, reduced counterparty risk, and lowered transaction fees. It also introduced full transparency throughout the funding and ownership process.
Notably, stablecoins were used to settle the transaction, removing the need for traditional banking intermediaries. This marked a pivotal move in financing capital-intensive projects using decentralized finance tools.
The acquisition was structured entirely through tokenized debt and equity. An unnamed leading commodity trading company provided the debt portion, making this the first known instance of a fully tokenized capital structure used to purchase an active energy asset.
Feniix Energy’s Director, Alejandro Uribe, described the deal as a milestone in energy financing. He said that blockchain brought unmatched speed, visibility, and trust features that were often missing in traditional financing.
He said:
“Our collaboration with Global Settlement demonstrates how innovation can bridge traditional finance and the crypto economy, unlocking substantial value for our stakeholders.”
Global Settlement founder Kyle Sonlin added that the deal aimed to showcase the real-world benefits of tokenization. He emphasized that on-chain infrastructure helped streamline capital flows and reduce operational costs.
Industry observers see this acquisition as a breakthrough moment for blockchain adoption in traditional sectors. The use of tokenized capital in live infrastructure deals signals growing confidence in blockchain as a financing tool for institutional-grade projects.
The timing of this deal aligns with rising momentum in the RWA space. A June 16 report by CoinGecko noted that the tokenized treasuries market surged 544.8% in 2024, reaching an all-time high of $5.6 billion by April 2025.