Meet LITRO: The tokenized crude project to start pilot testing soon for 2027 debut

LITRO aims to modernize the $6 trillion oil market by replacing slow, paper-based settlement with 24/7, on-chain trading and redemption. What to know : A former Petronas trading head is tokenizing crude oil through a LITRO token pegged 1:1 to verified physical reserves. Scheduled to roll out a testnet and demo isoon ahead of a January 2027 launch, LITRO aims to modernize the $6 trillion oil market by replacing slow, paper-based settlement with 24/7, on-chain trading and redemption. The project promises both cash and eventual physical oil redemption via a smart logistics system.(Coindesk)