Energy Substantiation Brings Physically Backed Crude Oil to Institutional Markets with WTIC Listing on LMAX Digital
EmitenTrust.com WTIC, a token backed 1:1 by physical WTI crude oil, adds a leading institutional digital asset exchange to its growing trading ecosystem
- WTIC, Energy Substantiation's 1:1 physically backed WTI crude oil token, is now available for institutional spot trading on LMAX Digital
- The listing adds an established institutional exchange to WTIC's trading ecosystem, alongside Uniswap and BingX
- Each WTIC represents one barrel of WTI crude oil and is backed 1:1 by verified physical inventory
LARKSPUR, Calif., Oct. 15, 2026 /PRNewswire/ -- Energy Substantiation today announced the listing of its WTIC token on LMAX Digital, a leading institutional digital assets execution venue and part of LMAX Group. The listing adds an important institutional trading venue to WTIC's growing ecosystem, alongside Uniswap and BingX, broadening access to physical crude oil through digital asset markets.
Oil is one of the world's largest and most actively traded commodities, yet the ways investors can participate in its markets have historically centered on futures, exchange-traded funds and energy equities. WTIC introduces direct, physically backed oil exposure through a digital asset.
Each WTIC represents one barrel of WTI crude and is backed 1:1 by verified physical WTI inventory. The token complements established commodity market instruments by introducing a new form of spot commodity exposure, with the flexibility and accessibility of blockchain-based trading. The underlying oil remains in established commercial custody, with independent verification of the physical backing.
"Oil is one of the world's most important commodities, yet investor access hasn't evolved with the times," said JP Thieriot, co-founder and CEO of Energy Substantiation. "Listing WTIC on LMAX Digital is a major step in bringing physically backed oil into institutional digital asset trading and opens up new possibilities for investors, traders, and the broader energy industry."
LMAX Digital is a regulated institutional digital assets execution venue and custodian and is part of the leading global cross-asset marketplace, LMAX Group. Built on LMAX Group's proprietary exchange technology, LMAX Digital provides institutional participants with transparent price discovery, efficient execution and access to digital asset liquidity.
"In an environment where major macro events can unfold beyond traditional market hours, including over weekends, tokens like WTIC provide a new avenue for institutions to respond," said Chris Knight, managing director, LMAX Digital.
The listing advances Energy Substantiation's broader vision of building new financial infrastructure around physical energy and other commodities.
About Energy Substantiation
Energy Substantiation is building the infrastructure to bring the world's energy commodities onchain. Its proprietary model transforms physical energy into verifiable digital assets, creating new ways for investors and institutions to access direct commodity exposure and new sources of capital for energy suppliers. Its first asset is WTIC, a 1:1 physically backed WTI crude oil token. For more information, visit energysubstantiation.com.
About LMAX
LMAX Group is a leading global cross-asset marketplace, powering the fusion of traditional and digital finance through trusted technology. Operating multiple institutional execution venues and providing access to custody and market data services for FX and digital assets, LMAX connects the world's largest and newest asset classes via seamless, transparent and regulated infrastructure. For more information, visit www.lmax.com.
Media Contact
press@energysubstantiation.com
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SOURCE Energy Substantiation