PermianChain to launch Oil &Gas Blockchain tokenized equity investment platform from UAE

While Blockchain has permeated across most industries, the oil and gas sector has yet to fully embrace this new technology from either an operational perspective or investment perspective. There are some examples within the MENA region that include ADNOC in Abu Dhabi and Aramco in KSA but these are still in the very first stages and are mostly from an operational standpoint.

With today’s technologies such as Blockchain and AI we can finally bring investment in the oil and gas sector to smaller investors who are accredited and thus democratize the market. Oil Ministries, oil producing countries can monetize their potential reserves, track liquidity requirements without facing financial deficit issues and even land owners with reserves on their land can raise capital to extract oil and gas without having to sell to big conglomerates.

Here is where PermianChain comes in. It has developed a platform that will democratize and transform the way investment in oil and gas reserves are made. UNLOCK met with Mr. Mohamed El-Masri, Co-Founder and Chief Executive Officer of PermianChain Technologies, a Toronto based company who has developed its tokenized equity investment platform and is now seeking regulatory license in the UAE. El-Masri discussed how blockchain is transforming the funding of oil and gas reservoirs using digital securities, while also increasing transparency and efficiency for the sector.  El-Masri has had a lifetime experience in investment firms as a corporate finance advisor and when he met his co-founder who has a strong expertise in the oil and gas sector, both of them firmly believed it was time to disrupt the oil and gas investment market and from here they created PermianChain.

According to El-Masri, “We saw an opportunity for developing a private equity investment vehicle for regional accredited investors to invest in promising oil and gas reserves, which is why we established Permian Holding, a limited company registered in the Abu Dhabi Global Market (ADGM) where there exists established frameworks for digital securities, as we prepare for our tokenization event of our assets which is approaching soon”. The Technology company PermianChain is in Toronto Canada. PermianChain are now preparing to launch the investment platform in the UAE choosing ADGM as their go-to jurisdiction.