Feniix Energy Completes $75 Million Acquisition of Oil and Gas Operation Using Blockchain Tokenization
Feniix Energy, a prominent energy firm based in Latin America, has successfully completed a groundbreaking $75 million acquisition of a live oil and gas operation through the utilization of blockchain tokenization technology. This significant development was executed in partnership with Global Settlement, a leading blockchain firm specializing in real-world assets (RWAs), utilizing its innovative GSX Protocol.
The GSX Protocol played a pivotal role in facilitating instant settlements, reducing counterparty risk, and minimizing transaction fees throughout the acquisition process. By leveraging blockchain technology, the protocol also ensured full transparency in both funding and ownership aspects of the transaction. Notably, stablecoins were employed to settle the deal, eliminating the need for traditional banking intermediaries. This strategic move marks a significant advancement in financing capital-intensive projects using decentralized finance tools.
The acquisition was uniquely structured through tokenized debt and equity, with a prominent commodity trading company providing the debt portion. This marks the first instance of a fully tokenized capital structure being utilized to acquire an active energy asset, showcasing the innovative potential of blockchain technology in the energy financing sector.
Alejandro Uribe, Director of Feniix Energy, hailed the acquisition as a milestone in energy financing, emphasizing the unparalleled speed, visibility, and trust features that blockchain brings to the table. He lauded the collaboration with Global Settlement, highlighting how innovation can bridge traditional finance with the crypto economy to unlock substantial value for stakeholders.
Kyle Sonlin, the founder of Global Settlement, underscored the real-world benefits of tokenization in this deal, emphasizing how on-chain infrastructure streamlines capital flows and reduces operational costs. This acquisition is seen as a significant breakthrough for blockchain adoption in traditional sectors, signaling a growing confidence in blockchain as a financing tool for institutional-grade projects.
This landmark deal comes at a time of increasing momentum in the RWA space, with a recent report by CoinGecko highlighting a 544.8% surge in the tokenized treasuries market in 2024, reaching an all-time high of $5.6 billion by April 2025. The successful completion of the acquisition underscores the growing acceptance and utilization of blockchain technology in the financing of critical infrastructure projects.
As blockchain continues to revolutionize the traditional finance landscape, collaborations like the one between Feniix Energy and Global Settlement serve as a testament to the transformative potential of blockchain tokenization in driving innovation and efficiency across various industries.