Real-World Asset Token

Oil, Tokenized.

WTIC is a commodity token backed 1:1 by barrels of West Texas Intermediate oil. Zero tracking error. Zero rollover risk. Just direct exposure to WTI oil, on-chain.

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The Token

A Digital Barrel of Oil

Each WTIC token represents one barrel of West Texas Intermediate crude oil. It is backed by Volumetric Energy Receipts corresponding to the energy content of a barrel of oil, priced daily against the WTI settled benchmark, and freely tradable on-chain, 24/7.

1:1 Physical Backing

Every token is substantiated by energy receipts held by an independent custodian. Receipts are audited monthly.

Benchmark Priced

Issued and redeemed at the WTI daily settled benchmark price. Secondary market trades 24/7/365 on exchanges.

ERC-20 on Ethereum

Standard ERC-20 with EIP-2612 gasless approvals. Non-upgradeable smart contracts audited by Sigma Prime.

Track WTIC on RWA.xyz →

Why Tokenized Oil

A Better Way to
Own Oil

Commodity tokens eliminate the structural disadvantages of futures-based ETFs and the complexity of direct commodity ownership.

	WTIC	Oil ETFs (USO/USL)	Futures	Physical
Tracking Error	None (spot priced)	Contango & roll	Roll risk	None
Trading Hours	24/7/365	Market hours	Market hours	N/A
Min Investment	Any amount	Share price	Contract size	Barrel minimum
Carry Cost	Zero	Annual drag	Roll costs	Storage + insurance
Settlement	Instant on-chain	T+1	T+1	Physical delivery
Custody	Independent custodian	Fund holds futures	Broker	Self

Mechanism

How WTIC
Tokens Work

A transparent mint-and-burn process that maintains 1:1 backing for stability.

Mint or Buy

Acquire WTIC by minting through our portal or buying on the secondary market. Any amount, any time.

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Oil Substantiated

Energy suppliers bid through a reverse Dutch auction to sell oil at a discount. The custodian receives warehouse receipts confirming 1:1 backing.

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Hold & Trade

Trade 24/7/365 on exchanges. Token price tracks the WTI benchmark. Zero carry costs, zero management fees while you hold.

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Redeem Anytime

Burn tokens to redeem for USDC at the settled benchmark price or sell on the secondary market. Physical delivery also available.

Token Platform Roadmap

Energy Commodities,
On-Chain

Potential energy is embedded in molecules, measured in BTUs. Our tokens substantiate multiple classes of energy, delivering real commodity exposure directly on the blockchain.

WTIc

West Texas Intermediate

U.S. benchmark crude oil. 1:1 backed with physical delivery on demand. 5.8 MMBTU per token.

Live Launched

HHC

Henry Hub Natural Gas

U.S. benchmark natural gas. The world's most actively traded commodity, tokenized. 1.0 MMBTU per token.

2026 Launching soon

BRNTc

Brent Crude Oil

International benchmark for global crude oil. The world's most widely referenced price. 5.8 MMBTU per token.

Q3 2026 Upcoming

Leadership

The Team

Decades of experience across energy trading, commodity markets, blockchain infrastructure, and financial regulation.

Donald Putnam

Founder, Exec Chair

Quantitative finance and investment banking pioneer. Founder of Grail Partners, former Chairman and CEO of Putnam Lovell. NYU Courant Institute.

JP Thieriot

Founder, CEO

Crypto wallet pioneer and seasoned entrepreneur. Former Vice Chair and CEO of Uphold Cryptocurrency Exchange. Former investment banking at Hambrecht & Quist. Yale University.

Chris Ericksen

President, COO

Investment management and banking executive. Former CFO and Managing Partner at Jackson Square Partners. Former VP, Asset Management at Goldman Sachs. Carnegie Mellon University.

Wil Harris

CRO

Senior energy trading and hedging executive. Former Managing Director, Commodities at Deutsche Bank, Merrill Lynch, and Credit Suisse. University of Virginia, NYU Stern.

Questions

Frequently Asked
Questions

What is WTIC?

WTIC is an ERC-20 commodity token on Ethereum. Each token represents exposure to one barrel of West Texas Intermediate crude oil, backed 1:1 by physical commodity held through energy receipts with an independent custodian.

How is WTIC backed?

Through Energy Receipts that denominate the underlying oil value in MMBTU (millions of BTU). The custodian receives these receipts upon minting, audits them monthly, and conducts random surprise audits. Aggregate balances are reported publicly and on-chain.

How do I buy WTIC?

You can mint new tokens through our portal every market day by depositing USDC (0.10% fee, instant issuance), or buy on the secondary market 24/7/365.

How do I redeem WTIC?

Burn tokens to redeem for USDC at the settled benchmark price every market day or sell on the secondary market 24/7/365. Physical delivery is also available per CL contract delivery procedures.

How is WTIC priced?

Tokens are priced at the WTI Benchmark reference price daily with smoothing during final days of the contract.

How is WTIC different from oil ETFs like USO?

ETFs hold futures contracts, not the underlying oil. This creates tracking error from contango and roll costs, plus significant annual expense ratios. WTIC is backed by physical oil with zero expense ratio and zero tracking error.