The historical acquisition of a working oil and gas facility in Latin America worth $ 75 million was completed with the help of stablecoins and tokenized debts and equity via the platform of the Real-World Asset Asset Specialist Global Settlement, the company told Coindesk.
The purchase – orchestrated for Feniix Energy, a company that focuses on buying and operating energy assets in the region – marks the first time that a full tokenized capital stack has been used to acquire operational property tied to production production, Global Settlement said.
The transaction was completed last week, said Kyle Sonlin, founder of Global Settlement. Further details cannot be announced for legal requirements, he said.
Institutions are increasingly looking at tokenization as the next limit on capital markets, using blockchain technology for moving Real-World assets (RWA) assets such as bonds, funds and other effects. It promises easier cross -border transactions, faster settlements and new liquidity channels. The tokenized RWA market could grow into trillion dollars in the coming years. Projections vary from $ 2 trillion through McKinsey to $ 18 billion by BCG and Ripple.
“This deal fundamentally transforms the financial landscape of energy infrastructure,” said Alejandro Uribe, a director of Feniix, into a statement. “By integrating blockchain technology, we achieve unprecedented efficiency, security and transparency.
Read more: RWA -Tokenization is going to be trillion much faster than you think
The GSX protocol of the Global Settlement -coordinated stablecoin flows between parties in Latin -America, sellers and supported technical infrastructure for the deal.
The process showed that tokenization and stablecoins can reduce the cross-border control in Latin American countries to minutes of what is usually a few days because of the traditional banking system, Sonlin said in an interview with Coindesk.
Tokenization can also unlock more ways to raise money for raw material -related investments in emerging markets and at the same time bypassing traditional capital markets.
“I believe that royalization is an important growth option for emerging markets that do not have existing access to traditional financial services,” Sonlin said. “Debt markets and even stock capital are hard to find for refineries, mines and other products for natural resources, despite the fact that a large part of GDP comes from this export.”
For Global Settlement, which operates a Layer-1 network that focuses on Real-World asset transactions in multiple block chains, the deal was an opportunity to test and replicate its possibilities in future deals, Sonlin said.
“An important goal in building [the protocol] Was to help in quantifying the benefits of tokenization for issuers and family agencies, “Sonlin said.” We want to expand and make more of these mergers and acquisitions [merger and acquisition] Transactions. “