How Tokenization Could Revolutionize Venezuela’s Oil Economy

Business

A new report suggests tokenized securities offer a low-cost framework to rebuild the country's oil sector. Forced by hyperinflation and sanctions to embrace cryptocurrencies long before the rest of the world, Venezuela consistently ranks among the top countries for crypto adoption globally, according to a Chainalysis report . But one digital assets firm believes that it lays the foundation for something big in the Latin American country. “[Venezuela] has significant natural-resource assets, a