Latin American energy firm Feniix has completed a landmark $75 million acquisition of a live oil and gas operation, utilizing blockchain tokenization to facilitate the transaction. The announcement, shared on June 17, has drawn significant attention for demonstrating the practical application of decentralized finance (DeFi) in large-scale infrastructure deals.
The acquisition was executed via the GSX Protocol, developed by blockchain firm Global Settlement. Known for its specialization in real-world assets (RWAs), Global Settlement employed its proprietary infrastructure to conduct the transaction entirely on-chain. The approach reportedly enhanced transaction efficiency by enabling near-instant settlements, reducing counterparty risk, and significantly lowering associated costs. Transparency throughout the funding and ownership process was also emphasized as a key benefit.
Stablecoins Replace Traditional Finance Channels
In a notable departure from conventional financing methods, the transaction was settled using stablecoins, effectively bypassing traditional banking intermediaries. This strategic choice represented a major step forward in integrating decentralized tools into capital-intensive project financing. The entire capital structure of the acquisition was tokenized, comprising both debt and equity components. While the identity of the debt provider was not disclosed, the participant was described as a leading commodity trading company.
Industry insiders indicated that this transaction represents the first known instance in which a fully tokenized capital structure has been employed to acquire an operational energy asset. The move is widely being viewed as a major step in proving the feasibility of blockchain-based financial tools in institutional contexts.
Alejandro Uribe, Director at Feniix, reportedly described the deal as a milestone in energy sector financing. He pointed out that blockchain technology introduced speed, transparency, and trust features that are often missing from traditional funding channels. According to him, the collaboration with Global Settlement served as an example of how innovation could link traditional finance with the evolving crypto economy, resulting in enhanced value for all stakeholders involved.
A Boost for Tokenized Real-World Assets
From the blockchain sector’s perspective, the acquisition is seen as a validation of the growing role of tokenized RWAs in mainstream industries. Kyle Sonlin, founder of Global Settlement, noted that the transaction was designed to highlight the tangible advantages of tokenization. He stressed that on-chain systems helped facilitate smoother capital movement while keeping operational expenses in check.
Market analysts believe this event is likely to be remembered as a turning point in blockchain’s adoption by legacy sectors such as energy. The successful execution of a complex acquisition through decentralized protocols is expected to build confidence among institutional players exploring tokenization for real-world applications.
This development also coincides with increasing momentum in the RWA space. A recent report dated June 16 revealed that the tokenized treasuries market had surged over 544% during 2024, reaching a record $5.6 billion in value by April 2025. Such trends indicate that the integration of blockchain infrastructure into traditional financial models is rapidly accelerating, with tokenized assets poised to play a more prominent role in future capital markets.
As more firms explore blockchain for real-world asset transactions, Feniix’s acquisition may serve as a blueprint for how tokenized finance can be harnessed in high-value, regulated sectors—potentially reshaping the landscape of global project funding.
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