Business
Sky Quarry Signs MOU to Target Real-World Tokenization of Commodities
Partnership will assess how traditional energy assets can participate in emerging digital infrastructure WOODS CROSS, Utah, Aug. 20, 2025 (GLOBE NEWSWIRE) --
About this update from Sky Quarry Inc.
[{"type":"text","content":"Partnership will assess how traditional energy assets can participate in emerging digital infrastructure\nWOODS CROSS, Utah, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) (\"Sky Quarry\" or \"the Company\"), an integrated energy solutions company, announced today that it has signed a Memorandum of Understanding (MOU) with Continuum Network, a Hong Kong based blockchain technology firm, to explore how the Company’s commodities could potentially be represented in blockchain-enabled markets. This collaboration will focus on evaluating the technical, regulatory, and commercial considerations involved in creating a secure and compliant framework for resource-linked commodity tokens. Under the MOU, Sky Quarry and Continuum Network will work together to assess platform architecture, smart contract design, and regulatory requirements, including any necessary SEC review or approval. The work will explore the feasibility of such a system, its potential to open new channels for market participation, and opportunities to strengthen Sky Quarry’s balance sheet through a digital treasury. Marcus Laun, EVP and Co-Founder of Sky Quarry, said, “We believe that tokenizing non-cash assets has the ability to free up hundreds of billions of dollars currently tied up in working capital across the energy industry, giving domestic companies the working capital they need to accelerate growth. This is crucial as the U.S. faces an urgent need to scale energy supply to remain competitive in the global race for AI and technological leadership. With real-world asset tokenization projected to become a multi-trillion-dollar sector by 2030, I believe the convergence of energy, digital assets, and AI is not just a possibility, it’s the future. Our work to explore these pathways is key to building a robust digital treasury model and strengthening our financial foundation.” Continuum Network will bring its expertise in blockchain architecture, identity-linked encryption, and advanced smart contract development to establish a secure and compliant framework for tokenizing real-world assets. The collaboration will be executed in phases: beginning with concept design and regulatory compliance analysis, then advancing to development, pilot deployment, and commercialization, each of which will require a definitive agreement to be executed between the p...