Oil moves
the world.
IOTC settles it.
The settlement layer for international crude. Physical volumes, verified at the terminal and written to a public ledger — so every barrel carries one price, one owner and one immutable timestamp.
Everything we claim,
we can prove.
IOTC is judged on a single standard: what has been settled, verified and signed for. These are the three registers we keep in public.
Trading milestones
Volume, contracts and corridor expansion — the commercial record of a settlement network built for physical crude.
- 412M barrels settled on-ledger
- 27 corridors live across 3 continents
- 8,640 contracts, zero disputes
Partnerships & compliance
Refining, storage and custody relationships, held to the licensing and audit standard institutional counterparties require.
- Licensed trade and custody structure
- Quarterly independent attestation
- Vetted refineries, terminals and storage
Awards & recognition
Recognition from the energy and digital-asset industries, earned by shipping working infrastructure rather than promises.
- Energy trade innovation honours
- Institutional infrastructure citations
- Invited to industry working groups
Volume that
survived the audit.
Every figure below is drawn from settled, inspected cargoes — not pipeline or intentions. This is the commercial record of the network.
Settled volume, million barrels
2024 Q1 → 2026 Q3Seven years
of delivery.
No pivots, no relaunches. Each step below is a working part of the network.
The desk opens
IOTC is founded in Geneva by a small team of physical crude traders and settlement engineers, with three upstream partners and one conviction: oil trade deserves a ledger.
First cargo settled on-ledger
600,000 barrels of North Sea crude change hands at Rotterdam with title transferred digitally — the first IOTC settlement, and proof the model works on real cargo.
Licensed, and independently attested
The trade and custody structure is completed, and a quarterly attestation cycle is established with an independent accounting firm.
Asia-Pacific corridor live
Terminal verification pilots with two refineries extend the network east, taking the cumulative settled volume past 100 million barrels.
Twenty-seven corridors
The network spans the Gulf, West Africa, the North Sea, Northwest Europe and Asia-Pacific, with institutional custody and four inspection partners in place.
412 million barrels
412M barrels and $18.4B in contract value settled without a single disputed settlement — the record this site exists to publish.
Built to be
signed off on.
Institutional counterparties ask harder questions than retail markets. Our answer is a structure that has already been reviewed, audited and held to account.
Licensed structure
Trade, brokerage and custody conducted through licensed entities, with counterparty onboarding that follows the same standard as a bank.
Quarterly attestation
An independent accounting firm reviews reserve backing and settled volumes every quarter; the latest attestation is published in full.
Institutional custody
Reserve assets held with regulated custodians under multi-signature control. No single party can move collateral alone.
Verified at the terminal
Volumes are confirmed by one of four independent inspection agencies before any token is released against a cargo.
Judged on
what shipped.
Recognition from the energy and digital-asset industries — each one attached to infrastructure already in production.
Trade Infrastructure of the Year
Recognised for settling physical crude volumes against attested reserves.
Best Digital Settlement Solution
Awarded for settlement finality and dispute-free execution record.
Energy Innovation Prize — Finalist
Shortlisted among twelve infrastructure entrants from four continents.
Top 50 Infrastructure Innovators
Ranked on verified transaction volume rather than market capitalisation.
Chain of Custody Citation
For terminal-level verification of cargo title before settlement.
Twenty-seven corridors,
one settlement clock.
From the Gulf to Rotterdam, West Africa to Singapore — volume is tracked per corridor, so the network's growth is legible lane by lane.
Volumes confirmed on site by independent inspectors before any token moves against a cargo.
A claim on
real barrels.
IOTC is not a bet on sentiment. Each unit is issued against attested crude in verified storage, and redeemed when a cargo settles. The mechanism is deliberately boring.
One barrel of verified crude backs every 1,000 IOTC. Attested 30 September 2026 by an independent accounting firm.
The record
continues.
Commitments we can be held to. If a date moves, it will move here first.
Twelfth consecutive attestation
Reserve backing and settled volume reviewed again, with the full report published on this site.
Second settlement rail
A second public ledger goes live alongside the first, giving counterparties a choice of rail without changing custody.
Two Asia-Pacific terminals
Onboarding completes for two additional terminals, bringing the inspection network to eleven sites.
One billion barrels
The volume target that makes IOTC the default settlement layer for physical crude in its corridors.
Join the
settlement layer.
Onboarding is reviewed by the trade desk. Tell us how you participate in the market and we will come back with the documentation pack for your role.