Global Settlement’s GSX Protocol enables first-of-its-kind real-world asset deal for Feniix Energy
A $75 million acquisition of an operational oil and gas facility in Latin America has been finalized using a fully tokenized capital stack — including both debt and equity — marking a major milestone for real-world asset (RWA) adoption. The transaction was facilitated by blockchain tokenization firm Global Settlement, leveraging its GSX Protocol for energy operator Feniix Energy, the company confirmed.
This deal is the first time a tokenized structure has been used end-to-end to finance the purchase of a live energy asset, Global Settlement said. The entire transaction, which used stablecoins and tokenized securities, was executed across multiple jurisdictions in Latin America.
“This deal fundamentally transforms the financial landscape of energy infrastructure,” said Alejandro Uribe, director at Feniix Energy. “By integrating blockchain technology, we achieve unprecedented efficiency, security, and transparency.”
The Power of Tokenization
Tokenization — the process of representing real-world assets such as bonds, equities, and real estate on blockchain networks — is increasingly seen as a breakthrough innovation in capital markets. It can simplify cross-border transactions, reduce settlement times from days to minutes, and create new channels of liquidity, especially in regions underserved by traditional finance.
“This transaction highlights how tokenized capital can reduce settlement frictions across Latin American markets,” said Kyle Sonlin, founder of Global Settlement. “Traditionally, moving capital across borders could take days — now it can happen in minutes using stablecoins.”
The GSX Protocol handled the technical infrastructure, vendor sourcing, and on-chain settlement, allowing participants across the region to interact within a single, integrated platform.
A New Path for Emerging Markets
Sonlin emphasized that tokenization can unlock funding for commodity-linked infrastructure in emerging economies — sectors often excluded from conventional debt and equity markets.
“Commodities make up a major portion of GDP in many emerging markets, yet traditional financing is often out of reach,” Sonlin said. “Tokenization offers a powerful alternative, especially for sectors like mining, oil, and refining.”
Global Settlement, which operates a dedicated layer-1 blockchain for RWA transactions, sees this deal as a template for future tokenized mergers and acquisitions. “One of our goals with GSX is to show issuers and family offices the tangible benefits of tokenization,” Sonlin added. “We’re now focused on scaling this model across similar energy and infrastructure deals.”
The Road Ahead for RWAs
Industry forecasts suggest the tokenized real-world asset market could expand significantly in the coming years — with estimates ranging from $2 trillion (McKinsey) to $18 trillion (BCG/Ripple). As financial innovation meets tangible assets, deals like this may become increasingly common, offering a glimpse into how blockchain could reshape global capital markets.
