Public offering of the OilXCoin

On 23 April 2025, DeXentra GmbH, a Swiss start-up specializing in the exploration and extraction of oil and gas reserves, launched a public offering for up to USD 60 million of the OilXCoin. The OilXCoin is a debt instrument backed by DeXentra's oil and gas assets and inventories, issued in the form of a ledger-based security under Swiss law. The proceeds from this offering will be used to finance the expansion and development of DeXentra's business operations.

The OilXCoin will be publicly offered in Switzerland, the European Union under the EU Growth Prospectus regime, as well as in a Regulation D offering in the United States. Prior to this public offering, DeXentra raised capital through a private sale of NFTs, which granted holders the right to obtain OilXCoins upon issuance.

Lenz & Staehelin acts as lead counsel to DeXentra in this transaction. The team is led by Ariel Ben Hattar and Jeremy Bacharach (both Capital Markets / FinTech) and includes Roman Graf (Corporate/M&A), Rébecca Dorasamy and Eli-Louise Hunkeler (both Tax), as well as Ilya Skurikhin and Charlotte Arndgen (both Capital Markets).