MOD-02
Tokenization Tracker
What resource exposure actually exists on-chain today — oil, minerals, and rare earths — organized as a library. The headline finding is the whitespace: tokenized crude and tokenized rare earths at institutional scale are both zero.
REGISTRY COUNTERSSEED DATA · PRE-VERIFICATION
Entries45across the registry
Folders11by resource class
Live products7none of them crude or REE
Open gaps6verified whitespaces
Tokenized crude + REE$0the market GEOM is built for
SYSTEM BOOT11/11 FOLDERS MOUNTED
› mount library/oil-backed [OK] 21ms 3 entries
› mount library/commodity-gold [OK] 9ms 7 entries
› mount library/precious-metals [OK] 14ms 3 entries
› mount library/uranium [OK] 32ms 1 entries
› mount library/base-metals [OK] 11ms 1 entries
› mount library/battery-metals [OK] 8ms 2 entries
› mount library/rare-earths [OK] 26ms 2 entries
› mount library/tokenized-equity [OK] 12ms 2 entries
› mount library/context-rwa [OK] 7ms 2 entries
› mount library/watchlist-oil-equity [OK] 18ms 9 entries
› mount library/watchlist-mining-equity [OK] 15ms 13 entries
› verify sha-256 canonical manifest [OK] v0.2.0
› oracle ed25519 signature [OK] DDBT4e…D9hY
› boot complete · 45 entries indexed · tokenized crude $0 · tokenized rare earths $0
FOLDER HEARTBEAT7 LIVE · 6 GAPS
oil-backed#3entries indexed
commodity-gold#7entries indexed
precious-metals#3entries indexed
uranium#1entry indexed
base-metals#1entry indexed
battery-metals#2entries indexed
rare-earths#2entries indexed
tokenized-equity#2entries indexed
context-rwa#2entries indexed
watchlist-oil-equity#9entries indexed
watchlist-mining-equity#13entries indexed
RESOURCE SHELVES11 SUBSYSTEMS
oil backed3Oil-linked tokens and their defunct precedents. The primary whitespace: no verifiable crude instrument at institutional scale.covers: PTR
commodity gold7The proven template — allocated-gold tokens are the largest live tokenized commodity class, with its own defunct cautionary tales.covers: PAXG, XAUT, KAU, VNXAU, CGO
precious metals3Silver runs far thinner than gold; platinum-group metals have no credible tokenized instrument at all.covers: KAG, AGX
uranium1Physical U3O8 tokenization — the closest live analog to what a tokenized resource with real custody must look like.covers: U
base metals1Copper and nickel: LME-scale physical markets, zero verified tokenization.covers: whitespace
battery metals2Lithium, cobalt, graphite — strategic demand, provenance pilots only, no asset-backed token.covers: whitespace
rare earths2NdPr, dysprosium, terbium. No tokenized instrument exists at any scale — the second whitespace GEOM tracks.covers: whitespace
tokenized equity2Equity wrapper programs exist, but oil, mining, and REE coverage is thin and unverified.covers: whitespace
context rwa2Institutional RWA rails proven for treasuries and funds — context for what resource assets still lack.covers: OUSG, BUIDL
watchlist oil equity9Oil & gas majors watched for a verified tokenization event.covers: XOM, CVX, SHEL, TTE, BP
watchlist mining equity13Mining, REE, uranium, and battery-metal majors watched for a verified tokenization event.covers: MP, LYC, UUUU, CCJ, ALB
CATALOG :: 45 ENTRIES45 matching
| Name | Issuer / listing | Underlying | Chains | Status | Why it's tracked |
|---|---|---|---|---|---|
| library/oil-backed · 3 entries | |||||
| PTR Petro | Government of Venezuela | Claimed oil-reserve backing | Proprietary | Defunct | Cautionary precedent: oil-linked token without verifiable reserves attestation or redemption, wound down in 2024 |
| — Direct tokenized crude (barrels / royalty streams) | None at institutional scale | Physical crude, wellbore royalty interests | — | Gap | The primary whitespace GEOM targets: no verifiable, institutionally credible tokenized crude instrument exists today |
| — Energy-asset tokenization pilots (e.g. PermianChain-style) | Various early-stage platforms | Wellbore interests, gas-to-compute offtake | Multiple | Partial | Pilot-scale platforms have tokenized upstream interests; none reached institutional scale or continuous disclosure |
| library/commodity-gold · 7 entries | |||||
| PAXG Pax Gold | Paxos | Allocated gold (LBMA) | Ethereum | Live | Benchmark for compliant commodity-backed token structure — the template a crude- or REE-backed token would follow |
| XAUT Tether Gold | Tether | Allocated gold | Ethereum | Live | Largest tokenized commodity by market value alongside PAXG |
| KAU Kinesis Gold | Kinesis | Allocated gold (1g units) | Kinesis chain | Live | Gram-denominated allocated gold with yield mechanics — alternative structure to PAXG/XAUT |
| VNXAU VNX Gold | VNX (Liechtenstein) | Allocated gold (LBMA) | Multiple EVM | Live | EU-regulated issuer under Liechtenstein token law — regulatory template relevant to any EU-listed resource token |
| CGO Comtech Gold | Comtech Gold (Dubai) | Allocated gold (DMCC vaults) | XDC | Partial | Gulf-jurisdiction gold token — regional precedent for commodity tokenization out of the UAE |
| PMGT Perth Mint Gold Token | Trovio / Perth Mint | GoldPass certificates (government mint) | Ethereum | Defunct | Cautionary precedent: even a government-mint-backed token wound down (2023) without institutional adoption |
| DGX Digix Gold | Digix | Allocated gold (1g units) | Ethereum | Defunct | Early (2018) gold token wound down 2023 — demonstrates redemption-model fragility without scale |
| library/precious-metals · 3 entries | |||||
| KAG Kinesis Silver | Kinesis | Allocated silver (1oz units) | Kinesis chain | Live | The main live tokenized-silver product — silver coverage is far thinner than gold |
| AGX LODE Silver (AGX) | LODE | Vaulted silver | Multiple | Partial | Community silver-token project — tracked as structure precedent, custody verification pending |
| — Tokenized platinum / palladium / PGMs | None at institutional scale | Platinum-group metals | — | Gap | PGMs (auto catalysts, hydrogen) have no credible tokenized instrument — open whitespace |
| library/uranium · 1 entry | |||||
| U Uranium.io tokenized U3O8 | Uranium.io consortium | Physical uranium (U3O8) via regulated depository | Tezos, Etherlink | Partial | First physical-uranium tokenization with named custody — the closest live analog to what tokenized crude would require |
| library/base-metals · 1 entry | |||||
| — Tokenized copper & nickel | None at institutional scale | LME-grade base metals | — | Gap | LME-scale physical markets with zero verified tokenization — base-metals whitespace mirrors crude |
| library/battery-metals · 2 entries | |||||
| — Tokenized lithium | None verified | Lithium carbonate / hydroxide offtake | — | Gap | Strategic battery input with no on-chain instrument; offtake tokenization repeatedly announced, never verified |
| — Tokenized cobalt & graphite | None verified | Battery-grade cobalt, graphite | — | Gap | Supply-chain provenance pilots exist (ledger-tracking), but no asset-backed token — provenance ≠ tokenization |
| library/rare-earths · 2 entries | |||||
| — Tokenized rare earths (NdPr, Dy, Tb) | None at any scale | Separated rare-earth oxides | — | Gap | The second whitespace GEOM targets: strategic REE demand, export-control pressure, and zero tokenized instruments |
| — REE offtake / royalty tokenization pilots | Various announced, none verified | Rare-earth offtake agreements | — | Partial | Announcements exist around REE offtake tokenization; none has produced a verifiable on-chain instrument |
| library/tokenized-equity · 2 entries | |||||
| — Tokenized oil-major equity wrappers | Various (e.g. Backed / xStocks-style issuers) | Listed oil & gas equities | Multiple | Partial | Equity wrapper programs exist but oil & gas coverage is thin and unverified — tracked as a coverage gap |
| — Tokenized mining-major equity wrappers | Various wrapper issuers | Listed mining & materials equities | Multiple | Partial | Mining and REE equities are barely covered by wrapper programs — same coverage gap as oil majors |
| library/context-rwa · 2 entries | |||||
| OUSG Ondo Short-Term US Govt Bond | Ondo Finance | US Treasuries | Ethereum | Live | Context: institutional RWA rails exist and are proven for treasuries — not yet applied to energy or minerals |
| BUIDL BlackRock USD Institutional Digital Liquidity Fund | BlackRock / Securitize | Cash, US Treasuries, repo | Ethereum, Multiple | Live | Context: the largest asset manager runs tokenized funds at scale — institutional appetite is proven, resource assets remain unserved |
| library/watchlist-oil-equity · 9 entries | |||||
| XOM Exxon Mobil | NYSE | Listed oil & gas equity | — | None verified | Watched for a verified tokenization event |
| CVX Chevron | NYSE | Listed oil & gas equity | — | None verified | Watched for a verified tokenization event |
| SHEL Shell | NYSE/LSE | Listed oil & gas equity | — | None verified | Watched for a verified tokenization event |
| TTE TotalEnergies | NYSE/Euronext | Listed oil & gas equity | — | None verified | Watched for a verified tokenization event |
| BP BP | NYSE/LSE | Listed oil & gas equity | — | None verified | Watched for a verified tokenization event |
| COP ConocoPhillips | NYSE | Listed oil & gas equity | — | None verified | Watched for a verified tokenization event |
| OXY Occidental Petroleum | NYSE | Listed oil & gas equity | — | None verified | Watched for a verified tokenization event |
| EQNR Equinor | NYSE/OSE | Listed oil & gas equity | — | None verified | Watched for a verified tokenization event |
| TBA GEOM NASDAQ partner companies | NASDAQ | Listed oil & gas equity | — | Pending | Watched for a verified tokenization event |
| library/watchlist-mining-equity · 13 entries | |||||
| MP MP Materials | NYSE | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| LYC Lynas Rare Earths | ASX | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| UUUU Energy Fuels | NYSE American | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| CCJ Cameco | NYSE/TSX | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| ALB Albemarle | NYSE | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| SQM Sociedad Química y Minera | NYSE/Santiago | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| FCX Freeport-McMoRan | NYSE | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| BHP BHP Group | NYSE/ASX/LSE | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| RIO Rio Tinto | NYSE/LSE/ASX | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| GLEN Glencore | LSE | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| VALE Vale | NYSE/B3 | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| NEM Newmont | NYSE | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
| GOLD Barrick Gold | NYSE/TSX | Listed mining / materials equity | — | None verified | Watched for a verified tokenization event |
45 of 45 entries · all folders
THE TOKENIZATION GAPUSD, LOG SCALE OF ABSENCE
Oil & gas equity market cap
$2.1T
Tokenized commodities (all, mostly gold)
$1.4B
Tokenized crude oil
$0 — the gap
bar length on sqrt scale · approximate orders of magnitude, seed data
Seed registry. Entries compiled from public issuer documentation and require verification before publication. The headline finding is the gap itself: no tokenized crude oil or rare-earth product currently operates at institutional scale. · Informational only — nothing on this page is a solicitation or investment advice.