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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Feniix Energy has achieved a $75 million oil and gas transaction through blockchain tokenization.
According to Gate News bot, Feniix Energy, an energy company based in Latin America, has completed an acquisition of an active oil and gas business using blockchain tokenization for $75 million.
Global Settlement is a blockchain company specializing in Real World Assets (RWA), and it executed this transaction through its GSX protocol.
The protocol enables instant settlement, reducing counterparty risk and transaction costs. It also achieves complete transparency throughout the financing and ownership process.
It is worth noting that stablecoins are used for settling transactions, eliminating the need for traditional banking intermediaries. This marks a key initiative to leverage decentralized finance tools to finance capital-intensive projects.
The acquisition was entirely conducted through tokenized debt and equity. A leading unnamed commodity trading company provided the debt portion, marking the first known case of acquiring active energy assets with a fully tokenized capital structure.
Alejandro Uribe, director of Feniix Energy, stated that this deal is a milestone in the energy financing sector. He mentioned that Blockchain brings unparalleled speed, visibility, and trust, which are often lacking in traditional financing.