Flowing commodities, tokenized. Starting with crude oil.
WTIC is backed 1:1 by barrels of West Texas Intermediate and tradable onchain 24/7.
Trades on
In the press
The Crypto Startup Trying to Put a Barrel of Oil on Blockchain
Energy Substantiation Wants to Put Oil Barrels on the Ethereum Blockchain
Oil Is Crypto’s New Frontier as Iran Clash Spurs Retail Bets- Money Stuff Leave the Oil in the Pipes
How This Company Is Bringing the Trillion-Dollar Oil Market Onchain- Tokenized Commodities Look Beyond Gold as Lending and Oil Open New Markets
California Startup Launches Oil-Backed Ethereum Token $WTIC
A Digital Barrel of Oil
Each WTIC represents one barrel of WTI crude oil, backed 1:1 by physical oil in inventory.
1:1 Physical Backing
Every WTIC is backed 1:1 by physical crude oil, represented by independently held and audited Volumetric Energy Receipts.
WTI Benchmark Priced
Issued and redeemed daily at the WTI Reference Price. Trades onchain 24/7/365.
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 Use WTIC to
Trade oil around the clock
Buy and sell WTIC on centralized exchanges or swap it onchain from any wallet, in any size, at any hour.
Hold oil in your wallet
Keep WTI exposure in self-custody next to the rest of your crypto, with no futures to roll.
Borrow without selling
Post WTIC as collateral and borrow stablecoins while keeping your oil exposure.
Lend oil onchain
Supply WTIC to a money market or add it to a liquidity pool, the same way as any other onchain asset.
A Better Way to
Own Oil
Commodity tokens eliminate the structural disadvantages of futures-based ETFs and the complexity of direct commodity ownership.
| Feature | WTIC | Futures | Oil ETFs | Energy equities | Perps |
|---|---|---|---|---|---|
| Direct spot oil exposure | |||||
| 1:1 physical backing | |||||
| 24/7 trading | |||||
| No roll cost | |||||
| No holding cost | |||||
| Fractional | |||||
| Instant onchain settlement | |||||
| Usable as collateral |
How WTIC
Tokens Work
A transparent mint-and-burn process that maintains 1:1 backing for consistency.
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Buy or Mint
Buy WTIC on secondary markets 24/7/365, or mint through the primary market on U.S. business days at the daily Reference Price.
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Oil Substantiated
Oil is sourced through a proprietary trading and settlement system with independent third-party custody. The custodian receives energy receipts confirming 1:1 backing.
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Hold & Trade
Trade 24/7/365 on exchanges. Designed to track the WTI benchmark. Zero carry costs, zero management fees while you hold.
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Sell or Redeem
Sell WTIC on secondary markets 24/7/365, or redeem for cash at the daily Reference Price on U.S. business days. Qualified tokenholders may also request physical delivery, subject to applicable terms and costs.
Backing you can check
- — Total WTIC tokens in circulation. Each token represents one barrel.
- 4,150 Total barrels of WTI crude oil verified by our custodian, High Ridge Trust.
- 205,216 Physical barrels of crude oil in our suppliers' inventory, reported monthly to the Railroad Commission of Texas. As of Aug 2026
Are you a supplier?
Unlock Working Capital Through WTIC
A new channel for oil suppliers to access working capital, broaden demand, and maintain full operational control.
Talk to our teamNew Capital Source
Convert inventory into working capital alongside existing financial arrangements.
Faster Liquidity
Improve funding flexibility with a token structure designed for faster, more continuous access to liquidity, 24/7/365.
Retain Control
Retain control of oil inventory without disrupting day-to-day operations.
Broader Demand
Broaden demand for American oil by making direct 1:1 backed exposure easier for digitally native buyers and others who have historically had limited access.
Transparency
Infrastructure designed for transparency, auditability, and compliance.
Frequently Asked Questions
WTIC is an ERC-20 commodity-backed 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.
Each WTIC token is backed 1:1 by one barrel of physical West Texas Intermediate (WTI) crude oil in inventory. The oil is represented by a Volumetric Energy Receipt (VER), which documents the underlying commodity. An independent custodian verifies the VERs and provides ongoing certification of the physical oil backing WTIC.
In simple terms: one WTIC represents one barrel of verified physical WTI crude oil.
WTIC’s Ethereum token contract address is:
0x709ab533D18e652eCd56423d71c0241A0ee56a3b
Contact our team for details on how to purchase WTIC.
WTIC can be traded or sold on the blockchain through secondary markets 24/7/365. Holders who wish to redeem WTIC through the primary market can do so on U.S. business days at that day’s WTIC Reference Price. Redeemed tokens are burned, with a standard 0.25% redemption fee, and cash settlement generally occurs within two to four business days.
Qualified holders may also elect physical delivery of the underlying oil, subject to applicable delivery procedures and third-party costs.
Oil tokens and crypto products can represent very different things. Some are linked to oil reserves still in the ground. Synthetics and perpetual contracts (“perps”) provide exposure to oil prices without commodity backing. Other crypto tokens may simply use oil in their name, branding or narrative without representing oil at all.
WTIC is backed by WTI crude oil held in inventory. Each WTIC represents one barrel of WTI crude, backed 1:1 through a Volumetric Energy Receipt held with an independent custodian. It is not a synthetic or derivative.
WTIC is live and tradable onchain as part of the growing real-world asset (RWA) commodity ecosystem, bringing direct oil exposure to digital markets for the first time.
No. Energy Substantiation does not purchase underlying commodities or receive energy receipts from countries or entities subject to U.S. or international sanctions. All suppliers are vetted to ensure compliance with applicable sanctions regimes, including those administered by OFAC.
Can't find what you're looking for? Contact us.
Contact Us
Questions about WTIC, supplying, or listing the token? Send a note and the right person on our team will get back to you.