The Era of
Tokenized Crude Oil
Digitizing the World's Most Essential commodity.
LITRO transforms a broken promise into a reality. From the moment a stakeholder enters the ecosystem to the final retirement of a token, each stage represents a deliberate act towards progress.
The LITRO Journey
The journey from crude oil reserves to digital assets begins here
& Verification
trust as the cornerstone for transformation.
Zero-knowledge proof technology, a cryptographic method proving certifications without disclosing confidential information, setting a foundation of trust and transparency from the start without disclosing confidential commercial information.
Tokenization & Issuance
Liquidity & Monetisation
The Global Digital Oil Exchange.
Governance & Participation
Redemption & Delivery
Led by Experts.
Driven by Vision
LITRO and Index are guided by a world class team of innovators, economists, and financiers united by one mission, to redefine how the world’s most valuable commodity moves through the global economy.
Each leader brings deep, hands on experience across oil markets, financial systems, and blockchain infrastructure. Together, they bridge the traditions of global energy with the precision of digital finance, creating an ecosystem built on trust, technology, and transformation. Strengthened by advisors in energy trading, regulation, and fintech architecture, this team delivers the vision and discipline required to turn a trillion-dollar industry into a frictionless, transparent, and inclusive digital market.
Javed Fiyaz – Founder
Investor and Entrepreneur
Javed Fiyaz is an accomplished entrepreneur and investor with a career spanning over two decades across shipping, trading, and digital assets. He founded a shipping company, later merging and becoming majority shareholder of Global Oceanic Carrier, a London AIM Listed entity, and afterwards selling it in 2008.
From 2002 to 2020, he actively traded securities and derivatives while also investing in real estate across London’s super prime market. Javed was an early investor in the Bitfury Group and became a Pre IPO shareholder in Hut 8 Mining Corp (Nasdaq Listed). Javed was also a Pre IPO investor in Lyft Inc, expanding his investment portfolio into tech driven mobility. He also established the Javed Fiyaz Charitable Trust in 2007, supporting global philanthropic initiatives in partnership with Save the Children.
Baron Lamarre – Co-Founder | LITRO Lead Architect
Petroleum Economist | Former Head of Trading at PETRONAS.
Baron Lamarre is a visionary leader with over 20 years of hands-on experience in the Oil & Gas industry. A Petroleum Economist by training and a sharp trading strategist, he has spent his career trading crude oil and refined products with some of the biggest names in the industry.
During his tenure as Head of Trading at Petronas, he has structured and executed short & long term deals with leading industry names such as Shell, ExxonMobil, Chevron, BP, Mitsubishi, Itochu, Vitol, PetroChina, Pertamina, PTT and many more. In those trades, he covered Refinery feedstock, Crude oil, refined products, and Energy derivatives spectrum.
To bridge traditional commodity markets with next-generation financial systems, Baron is now pioneering the convergence of Oil, Forex, and Web3. As Co-Founder and Lead Architect of LITRO, he is building a digital trading ecosystem that tokenizes real-world energy assets, transforming oil trading into a more transparent, liquid, and accessible digital marketplace.
Driven by a belief in financial inclusion through technology, Baron’s vision is to democratize access to the global energy economy, leveraging blockchain transparency, smart contracts to eliminate intermediaries and empower individuals to participate directly in markets once reserved for institutions.
Alex Chehade – INDEX’s Project's Coordinator
Fintech Expert| Former General Manager, BINANCE
With nearly 20 years in finance, Alex Chehade bridges the worlds of traditional banking and blockchain innovation. A former General Manager at Binance FZE in Dubai, he has led major crypto initiatives across the MENA region and helped shape the regulatory landscape for digital assets.
His unique journey from market maker to crypto leader gives him a rare perspective on how technology is redefining global finance. Today, he helps FinTech’s, and institutions navigate crypto adoption and compliance, driven by a mission to make digital finance simpler, more transparent, and accessible to everyone.
Gilson Costa – Head of Finance Banking Expert
Former J.P Morgan Investment Banker.
Gilson applies over a decade of institutional banking experience to design liquidity and risk frameworks that merge traditional trade finance with tokenized energy assets, creating scalable, compliant, and transparent financial pathways for the Litro ecosystem.
Drawing on his background in wholesale payments, regulatory strategy, and digital asset compliance across global financial centres, he bridges the gap between legacy financial infrastructure and blockchain-enabled markets. Gilson’s work enables institutional-grade liquidity, robust governance, and seamless regulatory alignment, supporting Litro’s mission to accelerate the transition from conventional energy financing to a decentralized, asset-backed global marketplace.
Momin Saqib – Head of Strategy
Web3 Senior Strategy Advisor.
Momin Saqib is a seasoned Web3 strategist, venture investor, and co-founder of Web3Pak, with a proven track record of advising some of the most successful blockchain projects, Layer 1 protocols, family offices, and decentralized autonomous technology companies (DATCOs) worldwide. A key player in shaping Pakistan’s Web3 ecosystem, Momin has been instrumental in fostering innovation, strategic partnerships, and ecosystem growth across the region.
His exceptional contributions have earned him prestigious honours, including the Commonwealth Award and the UK Prime Minister’s Points of Light Award. Momin holds an MSc in Global Leadership & Peacebuilding from King’s College London.
Jose Nunes – Head of Regulatory Affairs
Former Citibank, SWIFT and VP of Barclays Bank
25 years experience in banking, Jose Nunes leads Compliance at LITRO, translating regulatory requirements into practical, auditable systems for tokenized crude. Previously a Vice President in Payments at Barclays (Europe), he brings deep experience in crossborder payments controls and regulatory expertise having advised over 20 crypto/web3 projects in their regulatory journey in the last 4 years.
At LITRO, Jose owns the end to end regulatory and compliance stack, on/off ramp, market surveillance, and custody/attestation governance, plus incident response and third party risk.
He partners with trade, ops, and engineering to embed controls into issuance, trading, and redemption, ensuring licensing readiness and institutional grade assurance across priority corridors.
Casper Hansen – Head of Investor Relations
Former Yas Energy
Casper is a seasoned investor relations professional with extensive experience working with private family offices, structuring joint ventures and raising capital across various sectors. Most recently, he was supporting growth initiatives for Yas Energy, a battery manufacturer, leveraging his network and strategic insight to secure investment and managing investor relations. With a strong track record in relationship management, capital strategy, and understanding investor priorities, Casper is particularly effective in investor relations.
A Promise Restored
From onboarding to token burn, every stage solves real problems, eliminating settlement delays, slashing costs by 30-50%, democratizing access, and restoring transparency to the world’s most vital industry. This is not incremental change.
This is transformation.
- Increased transparency and trust with immutable blockchain records
- Allows fractional ownership, democratizing investment opportunities
- Enables 24/7 borderless trading and faster market participation
- Broken down geographic barriers through interoperable blockchain networks
The broken promise of oil and energy, efficiency without exclusion, transparency without exposure, liquidity without loss of control, can finally be restored. Blockchain technology embeds integrity at every stage, smart contracts execute perfectly every time, and a vision that believes energy markets should serve humanity, not just profit margins, is restored.
FAQs
Clarity matters. Here are the questions we hear most often, answered with the transparency we promise to bring to the entire industry.
LITRO Token
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What is LITRO?
LITRO is Crude Oil, digitized. Each token represents one litre of real crude oil, not a promise, not a derivative, but actual verified reserves from the world’s leading producers. It’s the bridge between centuries old energy markets and the digital future.
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How does the tokenization process work?
It starts with trust, built on verification. Crude Oil producers pledge certified reserves to INDEX, real crude from producing fields, not paper promises. Independent auditors verify every litre. INDEX then issues LITRO tokens on a strict 1:1 basis. The producer receives liquid tokens instantly while the Crude Oil stays secure until redemption.
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What can I do with LITRO tokens?
Trade them instantly on INDEX Platform, 24/7 liquidity at your fingertips. Hold them as your stake in the energy future as Crude Oil prices move or use them as collateral for financing. Redeem them for cash for liquidity or convert tokens to physical Crude Oil and take delivery via SLRS.
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Who benefits from LITRO tokens?
Investors gain commodity exposure without storage headaches or futures rollover costs. Traders get 24/7 liquidity in global markets. Producers unlock trapped capital and monetize reserves instantly. Refiners secure supply with unprecedented transparency. LITRO democratizes Crude Oil, turning what was once the privilege of the few into the opportunity of the many.
INDEX Token
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What is the INDEX Token?
INDEX Token is your stake in the ecosystem, capturing value from every LITRO issued, traded, redeemed, every fee from every transaction. Think of it as equity in the NASDAQ of digital Crude Oil. While LITRO gives you the commodity, INDEX gives you the infrastructure. As LITRO adoption scales globally, INDEX Token holders ride the entire wave of platform growth and revenue generation.
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How is INDEX Token different from LITRO?
LITRO is the commodity, stable, pegged to Crude Oil prices, backed by physical reserves. INDEX is the opportunity, growing with platform success, driven by trading volume and adoption. LITRO tracks Brent and WTI benchmarks. INDEX tracks the exponential potential of the ecosystem.
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What are the benefits of holding INDEX tokens?
Use to pay fees at a discounted rate or vote on platform decisions and shape the ecosystem’s future. Stake to receive a share of revenues from all LITRO trading activity, additional rewards and governance weight. Ride the wave as LITRO adoption scales globally.
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How does INDEX Token gain value?
INDEX Token holders benefit from multiple revenue streams:
- Trading & transaction fees from LITRO activity
- Token issuance & redemption fees
- Trade, Settlement & clearing fees
- Redemption and delivery fees
- Listing & data service fees
- Token buyback and burn.
INDEX Exchange
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What is the INDEX Exchange?
INDEX is a regulated centralized exchange built for Crude Oil producers, refiners, and traders looking for instant settlement, transparent pricing and 24/7 global access. It combines institutional grade OTC services with retail friendly SPOT trading, physical delivery integration via SLRS, and proactive regulatory compliance. This isn’t crypto speculation. It’s serious infrastructure for the real energy economy.
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What makes INDEX Platform unique?
INDEX is built for real producers and refiners, not speculators. It offers:
- Instant settlement (minutes vs. weeks)
- Transparent, real time pricing
- Automated logistics through SLRS
- Regulatory compliance across jurisdictions
- Integration of physical and digital markets
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What is SPOT trading on INDEX?
SPOT is where price discovery happens in real time through transparent order books and live market data. Buy and sell LITRO instantly at current market prices with full visibility, no hidden spreads, no surprises. It’s perfect for active traders, retail investors, and anyone who wants to see the market depth, understand the dynamics, and execute with precision. Professional tools. Fair access. 24/7 liquidity.
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What is the INDEX OTC Desk?
The OTC Desk is where serious size gets done quietly, away from public order books. High touch, personalized service for institutions, producers, refiners, and anyone moving volume large enough to matter. No market impact. No slippage. Just efficient execution with competitive pricing, dedicated relationship managers, and custom solutions. This is white glove service for sophisticated participants who need discretion and precision.
SLRS (Smart Logistics Routing System)
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What is SLRS?
The Smart Logistics Routing System (SLRS) is the operational intelligence layer of INDEX. It’s an AI driven platform that automates the entire physical Crude Oil redemption process, from token redemption to barrel delivery
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What problem does SLRS solve?
Traditional Crude Oil logistics involves:
- Manual vessel nominations
- Complex terminal scheduling
- Extensive paperwork
- Delays and demurrage costs
- Human error and inefficiencies
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How does SLRS integrate with the INDEX Platform?
SLRS is fully integrated with INDEX:
- Redemption requests trigger SLRS automatically
- Smart contracts execute logistics arrangements
- Real time updates appear on your INDEX dashboard
- Payment and token burn happen simultaneously with physical delivery coordination
- All transactions are recorded on chain for transparency