According to Gate News bot, Feniix Energy, an energy company based in Latin America, has completed an acquisition of an active oil and gas business using blockchain tokenization for $75 million.
Global Settlement is a blockchain company specializing in Real World Assets (RWA), and it executed this transaction through its GSX protocol.
The protocol enables instant settlement, reducing counterparty risk and transaction costs. It also achieves complete transparency throughout the financing and ownership process.
It is worth noting that stablecoins are used for settling transactions, eliminating the need for traditional banking intermediaries. This marks a key initiative to leverage decentralized finance tools to finance capital-intensive projects.
The acquisition was entirely conducted through tokenized debt and equity. A leading unnamed commodity trading company provided the debt portion, marking the first known case of acquiring active energy assets with a fully tokenized capital structure.
Alejandro Uribe, director of Feniix Energy, stated that this deal is a milestone in the energy financing sector. He mentioned that Blockchain brings unparalleled speed, visibility, and trust, which are often lacking in traditional financing.
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