Developed by Justoken for YPF Luz on the XRP Ledger (XRPL), a public blockchain, the initiative introduces a new model to tokenize, commercialize, and manage electricity, incorporating traceability, security, and immutability into contracts, transactions, and operational flows.
In its initial phase, Enertoken launched with the tokenization of more than USD 800 million in energy assets, marking a milestone in the institutional adoption of RWA solutions across strategic industries.
This deployment reinforces XRPL’s position as one of the most advanced global infrastructures for the tokenization of RWAs, demonstrating its ability to operate with regulated assets, large economic volumes, and complex commercial structures.
At the same time, YPF Luz strengthens its leadership as an innovative energy company, integrating blockchain-based solutions to modernize energy commercialization and management, while delivering a comprehensive client experience defined by operational efficiency, transparency, and control.
In parallel, Justoken positions itself as one of the leading global companies in RWA infrastructure, showcasing its capability to design and operate scalable blockchain solutions across highly regulated sectors such as energy, agriculture, mining, and finance.
Through Enertoken, companies and large energy consumers can contract, manage, and monitor their energy entirely digitally, integrating cost simulation, contract execution, consumption tracking, billing, and real-time reporting—fully supported by tokenized energy assets recorded on blockchain.
The platform also strengthens auditability, regulatory compliance, and ESG reporting, providing verifiable and traceable information aligned with the growing global demands for transparency and sustainability.
“Enertoken represents a meaningful step forward in the evolution of energy commercialization and management. The integration of tokenized energy assets allows us to optimize processes, enhance traceability, and deliver greater transparency to our clients, reinforcing YPF Luz’s innovative profile within the energy sector,”
Martín Mandarano, CEO of YPF Luz.
“This project confirms that RWA tokenization is now a tangible reality. Enertoken is an implementation based on regulated assets with significant economic impact. Working alongside YPF Luz and on Ripple’s blockchain positions Justoken as a key player in the global RWA infrastructure landscape,”
Eduardo Novillo Astrada, CEO & Co-Founder of Justoken.
The launch of Enertoken is consolidated as a global reference case, positioning Ripple as a global scale blockchain infrastructure for RWA, YPF Luz as a pioneering energy company in asset tokenization, and Justoken as a leading provider of RWA technology infrastructure, demonstrating how tokenization enhances operational efficiency, traceability, and enables the creation of new business models.
The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency distinguished for its regulatory clarity. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It's more than just a blockchain – it's a global developer community dedicated to transforming future business solutions.
YPF Luz (YPF Energía Eléctrica S.A.) is a leading Argentine power generation company, focused on innovation, efficiency, and sustainable energy solutions.
Justoken is a global company specialized in technology infrastructure for RWA tokenization across sectors such as energy, agriculture, mining, and finance.
