Tokenised Commodities: Gold and Oil, On-Chain

 This article is a marketing communication produced by GCEX. It does not constitute independent financial research or investment advice. GC Exchange Limited is authorised and regulated by the Financial Conduct Authority (FRN 828730). GC Exchange Fondsmæglerselskab A/S is authorised by the Danish Financial Supervisory Authority as an Investment Firm (FTID 8347).

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3 June 2026 -  GCEX Group, a regulated digital prime brokerage providing institutional and professional clients with access to digital asset and FX markets, has added tokenised oil to its multi-asset platform. This follows on from strong client interest in its tokenised precious metals offering, introduced by GCEX in March 2026 with the launch of Pax Gold (PAXG/USD) and Tether Gold (XAUT/USD).

WTI Crude (WTI/USD), the new addition to GCEX’s tokenised products, provides on-chain exposure to West Texas Intermediate crude oil without the need for physical delivery, exchange membership, or the roll mechanics associated with CME futures positions. The product has a margin requirement of 20%, reflecting the volatility profile of the underlying asset.

This new tokenised oil instrument is available within the same multi-asset environment that GCEX clients already use for spot digital assets, FX and CFD execution, without requiring a separate account or additional onboarding. This enables institutional and professional clients to access oil exposure alongside their existing trading activity, supported by GCEX’s regulated infrastructure, technology and client service model. It is subject to product, entity and jurisdictional availability.

Lars Holst, CEO, GCEX comments, “Tokenised oil is a natural next step for GCEX as we continue to broaden our institutional multi-asset offering. Our tokenised oil product gives clients a more efficient way to access WTI exposure within the same regulated environment they already use for digital assets, FX and CFDs. For clients trading across Asia and the Middle East, the ability to access tokenised instruments 24/7 is a major advantage. It enables them to respond to market movements outside traditional CME trading hours, including at weekends, without having to rely on more complex or costly hedging structures. It is also especially relevant for our growing GCC client base, where oil exposure is a strategic consideration for many institutions. Through the expansion of our tokenised offering, we are giving clients broader market access, greater operational efficiency and more choice within a single regulated trading environment.”

New Instrument - Tokenised Oil

WTI Crude (WTI/USD) is now available as a tokenised instrument: on-chain exposure to West Texas Intermediate crude without physical delivery, exchange membership, or the roll mechanics associated with CME futures positions. The margin requirement is 20%, reflecting the volatility profile of the underlying.

The instrument trades 24/7. That's relevant for any desk active across Asian and Middle Eastern time zones, where WTI price movements during hours outside traditional CME sessions have historically required either overnight risk or costly hedging structures. It's also relevant for GCEX's growing GCC client base, where oil market exposure is a structural consideration across many portfolios, not just directional positioning.

No contract expiry. no physical delivery obligation for clients under the instrument. Access to WTI pricing as a, on-chain instrument.

Tokenised Gold

Two distinct instruments give access to physical gold on-chain, each with different issuers, custody structures, and attestation mechanics.

Pax Gold (PAXG/USD) is an ERC-20 token issued by Paxos Trust Company, regulated by the New York Department of Financial Services. One token represents one fine troy ounce of LBMA London Good Delivery gold, held in professional vaults. Monthly audits and full bar-level transparency mean the physical backing is independently verifiable, not assumed. Margin requirement: 10%.

Tether Gold (XAUT/USD) represents one troy ounce of 99.99% pure physical gold, allocated and held in Swiss vaults. Quarterly attestations and on-chain transferability of allocated bar positions distinguish it structurally from gold ETFs or unallocated exposure. Margin requirement: 10%.

Both trade against USD, USDT, and USDC. For desks already running digital asset infrastructure, that means gold exposure with stablecoin settlement, with no need to convert back to fiat to close or rebalance.

The structural case for holding gold in an institutional portfolio hasn't changed significantly. Central banks have accumulated at a sustained pace. Real yields remain unpredictable. What has changed is the operational flexibility available to access it: 24 hours a day, seven days a week, with auditable physical backing and the settlement options that institutional digital asset desks actually use.

Access Through GCEX

All three instruments are available within the same multi-asset environment GCEX clients already use for spot digital assets, FX, and CFD execution. No separate account. No new onboarding.

GCEX is regulated by the FCA (GC Exchange Limited, FRN 828730), the Danish Financial Supervisory Authority as a MiCA Crypto-Asset Service Provider (GC Exchange A/S, FTID 10901), and VARA in Dubai (GC Exchange FZE). Client assets are held under Fireblocks MPC custody. GCEX does not operate a B-book model and does not take the other side of client trades.