The RWA platform International Digital Exchange (INDEX) has announced the launch of the LITRO coin, backed by physical oil: one token corresponds to one liter of crude. This was reported by co-founder Baron Lamarre to CoinDesk.
The asset's value will be tied to global benchmarks Brent and WTI, with a release planned for early 2027. A test network and product demo will be launched between March and May 2026.
Emission Mechanism and Logistics
The issuance of LITRO involves several stages. Initially, oil producers provide INDEX with data on reserves, which are then verified by independent auditors. Experts confirm the volume, authenticity of the crude, and the legal purity of ownership rights.
“Only after this do we issue tokens strictly 1:1 to the volume of physical oil,” Lamarre emphasized.
The crude itself remains stored with the producer, but legal rights to it are secured by the INDEX system.
The project is based on the Arbitrum network and is compatible with other EVM-based blockchains.
LITRO holders will be able to sell their tokens for fiat or receive actual oil. To facilitate this, the platform is creating a “smart logistics routing system” using IoT sensors, AIS vessel tracking, and AI. This system will match oil grades, organize tankers and terminals, issue electronic bills of lading, and coordinate deliveries.
Tokenized Oil Trend
In recent weeks, oil prices have surged by tens of percent amid the Middle Eastern conflict, driven by the closure of the Strait of Hormuz—a key route for fuel exports from the Persian Gulf.
The crisis has triggered an influx of traders to the decentralized exchange Hyperliquid, where oil perpetual contracts are in high demand.
At the time of writing, the trading volume of the CL-USDC derivative, which tracks the price of WTI, stands at $1.1 billion, with an open interest exceeding $274 million.
Hyperliquid has transformed into a 24/7 “war terminal.” The platform is becoming the primary venue for around-the-clock “macro-risk trading,” contributing to the rise in the native token DEX—HYPE. In just the last 24 hours, the token's price surged by 10% to $37.6.
Hyperliquid described the current situation as “an important step towards unifying all finance,” noting that RWA trading on the platform continues to set records.
Over the past 2 weeks, RWA trading on Hyperliquid has repeatedly broken records, surpassing $1.3B in open interest and $1.4B in weekend volume.
— Hyperliquid (@HyperliquidX) March 12, 2026
When traditional markets are closed, Hyperliquid is the premier venue for 24/7 price discovery on oil, metals, indices, and other…
As a reminder, on March 11, the exchange surpassed the $4 trillion mark in cumulative trading volume for perpetual futures. It took the project three years to reach this milestone.