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$75 Million Oil and Gas Facility in Latin America Acquired with Tokenized Assets
A $75 million acquisition of an oil and gas facility in Latin America was completed using stablecoins and tokenized debt and equity on Global Settlement's platform. This marks the first instance of a fully tokenized capital stack being utilized for acquiring operational real estate linked to commodity production.
- The transaction was finalized last week, according to Kyle Sonlin, founder of Global Settlement.
- Institutions are increasingly interested in tokenization for moving real-world assets (RWA) like bonds and securities.
- The tokenized RWA market is projected to reach between $2 trillion and $18 trillion in the coming years.
- Global Settlement’s GSX Protocol facilitated stablecoin transactions and supported the deal's technical infrastructure.
- The process reduced cross-border settlement times from days to minutes.
- Tokenization is seen as a way to enhance funding opportunities in emerging markets lacking access to traditional financial services.
- This acquisition serves as a test case for Global Settlement to replicate in future mergers and acquisitions.
Sonlin emphasized that commodity tokenization represents a significant growth opportunity for emerging markets reliant on natural resource exports.