Oil, Tokenized.
WTIC is a RWA token with 1:1 backing by barrels of West Texas Intermediate oil. Zero tracking error. Zero rollover risk. Just direct 1:1 backed exposure to WTI oil, onchain.
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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 A Better Way to
Own Oil
Commodity tokens eliminate the structural disadvantages of futures-based ETFs and the complexity of direct commodity ownership.
| Investor Benefit | WTIC | Futures | Oil ETFs | Energy Equities | Perps |
|---|---|---|---|---|---|
| Direct spot oil exposure | ✓ | × | × | × | × |
| 1:1 verified physical backing | ✓ | Highly leveraged | × | × | × |
| 24/7 trading | ✓ | × | × | × | ✓ |
| No roll costs | ✓ | × | × | ✓ | ✓ |
| Fractional investment | ✓ | × | ✓ | Limited | ✓ |
| No holding costs | ✓ | × | × | ✓ | × |
| Instant onchain settlement | ✓ | × | × | × | ✓ |
| Yield opportunities | ✓ | × | Limited | ✓ | × |
How WTIC
Tokens Work
A transparent mint-and-burn process that maintains 1:1 backing for consistency.
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.
Oil Substantiated
Energy suppliers bid through a reverse Dutch auction to sell oil at a discount. The custodian receives energy receipts confirming 1:1 backing.
Hold & Trade
Trade 24/7/365 on exchanges. Token price tracks the WTI benchmark. Zero carry costs, zero management fees while you hold.
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.
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.
WTIC’s daily price is set using the Reference Price. See our Documentation for more information.
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.
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