The landmark acquisition of a working oil and gas facility in Latin America worth $ 75 million was completed using stablecoins and tokenized debt and equity through real-world asset specialist Global Settlement’s platform, the firm told CoinDesk.
The purchase – that -kestra for Feniix energy.
The transaction was that it was finalized last week, says Kyle Sonlin, founder of Global Settlement. Further details cannot be disclosed due to regulatory requirements, he said.
Institutions are increasingly viewing tokenization as the next border in capital markets, using blockchain technology for moving real-world assets (RWA) such as bonds, funds and other security. It promises simpler cross-border transactions, faster repairs and new liquidity channels. The tokenized RWA market can grow in trillion dollars over the next few years. Projections are from $ 2 trillion of McKinsey up to $ 18 billion by Bcg and ripple.
“This deal initially changes the financial scene of energy infrastructure,” Alexander Uribe, a director of Feniix, said in a statement. “By incorporating blockchain technology, we have achieved unmanageable efficiency, security, and transparency.
Read more: RWA tokenization will go to trillion faster than you think
The GSX protocol of Global Settlement coordinates stablecoin flowing between parties across Latin America, sourced vendors and supporting technical infrastructure for dealing.
The process has shown that tokenization and stablecoins can reduce cross-border settlement throughout the Latin American countries to what average few days through the traditional banking system, Sonlin said in an interview with CoinDesk.
Tokenization can also unlock many ways to raise funds for commodity-related investment in emerging markets while preventing traditional capital markets.
“I believe the Commodity’s tokenization is a major growth opportunity for emerging markets with no existing access to traditional financial services,” Sonlin said. “Debt markets and even equity capital are difficult to come for refineries, mines and other natural resource products, despite the fact that a large part of the GDP is derived from these exports.”
For global settlement, which runs a Layer-1 network focusing on real-world asset transactions in many blockchains, the deal is an opportunity to test its capabilities and replicate future deals, Sonlin said.
“One main purpose in developing (the protocol) is to help quentify the benefits of tokenization to family providers and offices,” Sonlin said. “We are looking to expand and do more of the M & A (merger and acquisition) transactions.”
