{"id":95162,"date":"2026-03-12T13:35:47","date_gmt":"2026-03-12T10:35:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95162"},"modified":"2026-03-12T13:40:20","modified_gmt":"2026-03-12T10:40:20","slug":"index-to-launch-tokenized-oil-with-delivery-option","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/index-to-launch-tokenized-oil-with-delivery-option\/","title":{"rendered":"INDEX to Launch Tokenized Oil with Delivery Option"},"content":{"rendered":"

RWA<\/a> platform International Digital Exchange (INDEX) has announced the launch of LITRO, a coin backed by physical oil, with each token representing one litre of crude. This was reported by project co-founder Baron Lamarr to CoinDesk<\/a>.\u00a0<\/p>\n

The asset’s value will be linked to global benchmarks Brent and WTI. The release is scheduled for early 2027, with a test network and product demo set to launch between March and May 2026.\u00a0<\/p>\n

Issuance Mechanism and Logistics<\/h2>\n

The issuance of LITRO involves several stages. Initially, oil producers provide INDEX with reserve data, which is verified by independent auditors. Experts confirm the volume, authenticity of the crude, and the legal clarity of ownership rights.<\/p>\n

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\u201cOnly after this do we issue tokens strictly 1:1 to the volume of physical oil,\u201d Lamarr emphasized.\u00a0<\/em><\/p>\n<\/blockquote>\n

The crude itself remains stored with the producer, but legal rights are secured by the INDEX system.\u00a0<\/p>\n

The project is based on the Arbitrum<\/a> network and is compatible with other EVM<\/a> blockchains.<\/p>\n

Holders of LITRO will be able to sell tokens for fiat or receive actual oil. The platform creates a \u201csmart logistics routing system\u201d using IoT<\/span> sensors, AIS<\/span> vessel tracking, and AI. It will select grades, organize tankers and terminals, issue electronic bills of lading, and coordinate delivery.\u00a0<\/p>\n

Tokenized Oil in Trend<\/h2>\n

In recent weeks, amid the Middle Eastern conflict<\/a>, oil prices have surged by tens of percent. The closure of the Strait of Hormuz, a key route for fuel exports from the Persian Gulf, was the cause.<\/p>\n

The crisis has led to an influx of traders<\/a> to the decentralized exchange Hyperliquid<\/a>, where oil perpetual contracts are popular.<\/p>\n

At the time of writing, the trading volume of the CL-USDC derivative, which tracks the WTI price, stands at $1.1 billion with open interest exceeding $274 million.<\/p>\n

\"image\"
Hourly chart of CL\/USDC on Hyperliquid exchange. Source: Hyperliquid<\/a>.<\/figcaption><\/figure>\n

Hyperliquid has become a round-the-clock \u201cwar terminal.\u201d The platform is emerging as the main venue for 24\/7 \u201cmacro risk trading,\u201d which is driving up the price of the native DEX<\/a> token \u2014 HYPE. In the last 24 hours alone, the coin’s rate has jumped 10% to $37.6.\u00a0<\/p>\n

\"image\"
Hourly chart of HYPE\/USDT on Bybit exchange. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

Hyperliquid described the developments as \u201can important step towards unifying all finance,\u201d noting that RWA trading on the platform continues to break records.\u00a0<\/p>\n

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Over the past 2 weeks, RWA trading on Hyperliquid has repeatedly broken records, surpassing $1.3B in open interest and $1.4B in weekend volume.<\/p>\n

When traditional markets are closed, Hyperliquid is the premier venue for 24\/7 price discovery on oil, metals, indices, and other\u2026<\/p>\n

\u2014 Hyperliquid (@HyperliquidX) March 12, 2026<\/a><\/p><\/blockquote>\n