A Wyoming company just turned a Utah oil sands deposit into tradeable tokens on Ethereum. AetherStrike’s Asphalt Bluff South project issues what it calls Dynamic Resource Reserve Units, or DRRUs, where each token represents one certified barrel of bitumen reserve from the Uinta Basin.
The tokens are built on the ERC-3643 standard, a permissioned security token framework that bakes compliance directly into the smart contract. KYC/AML checks and transfer restrictions are enforced on-chain, with identity verification embedded directly into token logic rather than relying on off-chain enforcement.
The deal structure
The offering targets accredited investors only, operating under Reg D 506(c) and Reg S frameworks. Cash settlements happen exclusively in USDC, with custody handled through Coinbase Prime and Fireblocks during deployment.
The project launched between June 11-19, 2026, though secondary market activity has been minimal so far.
