Feniix Energy Completes $75 Million Blockchain Tokenized Acquisition

Feniix Energy, a prominent energy firm based in Latin America, has successfully completed a $75 million acquisition of an active oil and gas operation using blockchain tokenization. This landmark deal was executed through the GSX Protocol by Global Settlement, a blockchain firm specializing in real-world assets (RWAs). The protocol facilitated instant settlements, reduced counterparty risk, and lowered transaction fees, while also providing full transparency throughout the funding and ownership process. Notably, stablecoins were used to settle the transaction, eliminating the need for traditional banking intermediaries and marking a significant advancement in financing capital-intensive projects through decentralized finance tools.

The acquisition was structured entirely through tokenized debt and equity. A leading commodity trading company, whose name was not disclosed, 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, highlighted the deal as a milestone in energy financing, emphasizing that blockchain technology brought unmatched speed, visibility, and trust features that are often missing in traditional financing methods. He stated, “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 echoed this sentiment, noting 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 view 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. This deal aligns with the rising momentum in the RWA space, where the tokenized treasuries market has seen significant growth, reaching an all-time high in recent years.