Real-World Asset Token

Oil, Tokenized.

WTIC is a commodity token backed 1:1 by physical crude oil. No futures. No tracking error. No carry costs. Just direct exposure to West Texas Intermediate, on-chain.

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The Token
WTIC spinning coin

A Digital Barrel of Oil

Each WTIC token represents exposure to one barrel of West Texas Intermediate crude oil. Backed by physical commodity held by an independent custodian, priced daily at the WTI benchmark reference price, and freely tradeable 24/7 on-chain.

1:1 Physical Backing

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

Benchmark Priced

Issued and redeemed at the WTI CL1/CL2 closing price. Secondary market trades 24/7/365 on DEX and CEX.

ERC-20 on Ethereum

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

RWA.xyz 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 and real-time market balance.

01

Mint or Buy

Acquire WTIC by minting through our institutional portal (0.10% fee) or buying on secondary markets. Any amount, any time.

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02

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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03

Hold & Trade

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

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04

Redeem Anytime

Burn tokens to redeem for USDC at the benchmark reference price (0.25% fee, T+2 settlement). Physical delivery also available.

Trust & Transparency

Built on
Verifiable Backing

Every WTIC token is substantiated by physical crude oil, independently custodied and verifiable on-chain.

100%

Physically Backed, Always

Every outstanding WTIC token is substantiated by energy receipts denominating physical crude oil in MMBTU. Receipts are held by the owner of the substantiating volume, with an independent custodian holding them on behalf of token holders. Monthly audits and random surprise inspections verify all balances.

Independent Custody

A qualified third-party custodian receives energy receipts upon minting, audits balances, enforces monthly supplier certifications, and conducts random surprise audits of physical volumes.

On-Chain Transparency

Aggregate energy balances reported to a public transparency website and on-chain oracles. Reports include total MMBTU, barrel equivalents, and storage type.

Regulatory Design

Treated as a spot commodity, not a security. Primary market is KYC/AML gated. On-chain Blacklist for sanctions compliance. Issued by Kardashev Ltd (BVI).

Audited Smart Contracts

Non-upgradeable ERC-20 contracts audited by Sigma Prime. Multi-signature governance with PAUSER and BLACKLISTER roles for emergency controls.

Token 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 Launching
PNGc
Henry Hub Natural Gas
U.S. benchmark natural gas. The world's most actively traded commodity, tokenized. 1.0 MMBTU per token.
2026 Launching
BRNc
Brent Crude Oil
International benchmark for global crude oil. The world's most widely referenced price. 5.65 MMBTU per token.
Q3 2026 Upcoming
Leadership

The Team

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

Donald Putnam
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
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
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
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?

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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?

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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?

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You can mint new tokens through our institutional portal by depositing USDC (0.10% fee, instant issuance), or buy on secondary markets (DEX/CEX) 24/7/365.

How do I redeem WTIC?

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Burn tokens to redeem for USDC at the benchmark reference price (0.25% fee, T+2 settlement). During the final two days of CL futures expiry, the fee increases to 0.50%. Physical delivery is also available per CL contract delivery procedures.

How is WTIC priced?

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Tokens are priced at the WTI Benchmark Reference Price, the closing price of CL1 and CL2 contracts. Near expiry, pricing smoothly transitions to CL2 to avoid expiry-driven volatility.

How is WTIC different from oil ETFs like USO?

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ETFs hold futures contracts, not oil. This creates tracking error from contango and roll costs, annual expense ratios (0.45-0.85%), and complex K-1 tax reporting. WTIC is backed by physical oil with zero expense ratio, zero tracking error, and simple 1099 tax treatment.

How is WTIC taxed?

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WTIC is expected to be taxed as property for US taxpayers. Gains and losses are realized short or long term based on holding period. No K-1, no phantom income, no mark-to-market. Tax is determined by the investor, not the portfolio.

Is WTIC a security?

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No. WTIC is classified as a spot commodity. A memorandum from counsel supports this classification. While the token trades freely on secondary markets, the primary market (minting and burning) is gated with KYC/AML enforcement.
Get Started

Get Started
with WTIC

The first tokenized oil product built for real markets.

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