Ziyen Energy Receives Oil Cash Distributions for their Tokenized Energy Fund
The tokenized energy fund of Ziyen Energy has received its fourth and fifth oil cash payments from oil wells, according to the company’s latest press release. The Barnett Shale Basin, a geological structure in north Texas, is where the oil and gas rigs are situated.
The Energy Tokens Asset Trading Platform was created in 2019 by Ziyen Energy in partnership with premier blockchain, data science, tokenization, legal, and trading professionals. Through the use of permission-based blockchain technology, the Energy Tokens Asset Trading Platform lets users tokenize their ownership interests in energy production assets.
Ziyen Energy is a Wyoming, US-based, technology-driven energy firm that was founded in April 2016. Ziyen began as a tech firm that provided data on the oil, gas and energy industries. Now, the firm focuses on business statistics, agreements, current affairs, and data by establishing state-of-the-art purchasing and supply software to give customers with data on industry-focused government as well as private agreements.
Other oil assets now owned by Ziyen Energy include those located in Texas and the Illinois Basin, which includes parts of Illinois, Indiana, and Kentucky. In compliance with SEC Rule 506(c) of Regulation D, Ziyen Energy’s stock has already been tokenized and released as ZiyenCoin and sold as a Security Token.
Alastair Caithness, Ziyen Energy CEO, said,
“A barrel of oil is now trading for about $100. It’s going to be a scorching one out there. There has never been a better time to implement our plan to tokenize oil and energy resources using the blockchain. It’s been more than a century since major changes were made to the manner in which energy assets are bought, kept, and transferred. Oil and energy assets may now be tokenized, opening up a new degree of liquidity for investors throughout the world, permitting fractional ownership.”
“Ziyen is at the forefront of the industry’s transformation. In the event that additional operators are interested in this technology, we have the capability to develop a native Energy Token for them. The benefits of tokenizing energy assets using blockchain technology are many. The primary advantages include providing a framework for operators with considerable cash linked to older assets to free this capital while promoting particular efforts and public engagement in renewable energy ventures, carbon credits, and many more green policies.”
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