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In the news
Tokenized Commodities Look Beyond Gold as Lending and Oil Open New Markets - How This Company Is Bringing the Trillion-Dollar Oil Market Onchain
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
California Startup Launches Oil-Backed Ethereum Token $WTIC - Minerals & Royalties WTI Coin, the Tokenization of Physical Barrels of Oil with Wil Harris
- The Energy Desk Tokenizing WTI with Wil Harris, Energy Substantiation
About the company
About Energy Substantiation
Energy Substantiation provides a platform for tokens backed 1:1 by real-world assets.
Its first product, WTIC, brings West Texas Intermediate crude oil onchain: each token is backed by physical oil held through Volumetric Energy Receipts with an independent custodian, priced daily to the WTI benchmark, and tradable 24/7 on Ethereum.
The company works alongside energy suppliers, custodians, and auditors to make physical commodities as accessible and transparent as any digital asset.
Leadership
- Donald Putnam Founder, Exec Chair
- JP Thieriot Founder, CEO
- Chris Ericksen President, COO
- Wil Harris CCO
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