Hedera Powers First Tokenized Upstream Oil & Gas Fund

• Zoniqx and One World Petroleum launch the first tokenized oil fund on Hedera.

• The tokenized fund combines oil asset acquisitions with secured oilfield lending, powered by Zoniqx’s z360 platform.

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Zoniqx has partnered with One World Petroleum (OWP) to launch the first-ever tokenized upstream oil and gas fund on the Hedera blockchain. This groundbreaking fund is a combination of oil asset acquisition and secured oilfield lending, using Zoniqx’s z360 platform and zProtocol in order to manage the entire lifecycle of token issuance. The Fund converts traditional oil assets and loans into security tokens on the blockchain, ensuring full compliance with SEC regulations.

Each investor’s ownership interest is represented by a security token guaranteeing automated compliance, investor verification, and ongoing management. This innovative solution enables energy investing for a larger audience, democratizing oil investments while preserving institutional protections. 

World’s First Upstream Oil & Gas Fund

The tokenized petroleum fund operates on top of the public ledger of Hedera, and several benefits arise from this setup compared to traditional systems. Hedera offers improved speed, transparency, and carbon-neutral efficiency, factors that are directly related to the growing interest in environmentally conscious investments. The use of blockchain technology also ensures immutable records of transactions, leading to a higher level of investor trust and data reliability.

The Founder & CEO of Zoniqx noted,  “World’s first upstream Oil & Gas fund proves that real world assets can be brought on-chain with compliance and institutional scale at the core.”

This development is a major milestone in the energy sector as it bridges the gap between traditional investing in oil and modern technologies using blockchain. By utilizing a decentralized platform, the fund ensures that transactions are secure and transparent, thereby increasing overall confidence in the system.

In a separate development, Hedera is attracting the interest of large institutions. Arrow Electronics, a $28 billion global technology company, has become a Hedera Governing Council member.

Arrow Electronics has recently announced the integration of HBAR to help optimize supply chains and connect global suppliers on-chain. This adoption marks a significant shift, as traditional finance and large corporations begin to explore the potential of blockchain technology in real-world applications. 

Volatile Yet Promising Stablecoin Trends on Hedera

Hedera stablecoin supply has been experiencing volatile movements, which could be a sign of growing market interest. According to data from DeFi Llama, the supply of the stablecoin on Hedera has seen a sharp rise, peaking at $224 million in August, before decreasing again to $81 million. 

Source: DeFi Llama

This pattern has been driven mostly by USDC, which dominates the stablecoin market on Hedera. Despite the fluctuations, the general trend suggests that more activity and adoption are occurring in the Hedera network, indicating increased confidence in the network’s utility.

The supply of USDC on Hedera has continued to grow from a low of $43 billion earlier this year to more than $74 billion today. This trend is expected to remain steady as more companies and financial institutions become aware of Hedera’s unique talents.

Currently trading at $0.2307, HBAR is experiencing a tightening chart setup that may signal an impending breakout. If HBAR breaks out of its current squeeze pattern, the next key resistance level to watch is $0.25

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