Sky Quarry Signs MOU to Target Real-World Tokenization of Commodities
Sky Quarry (NASDAQ: SKYQ) has signed a Memorandum of Understanding (MOU) with Hong Kong-based Continuum Network to explore blockchain-enabled tokenization of its commodities. The partnership aims to evaluate technical, regulatory, and commercial aspects of creating a secure framework for resource-linked commodity tokens.
The collaboration will proceed in phases, from concept design and regulatory compliance analysis to development, pilot deployment, and commercialization. Sky Quarry sees this initiative as part of a broader strategy to strengthen its balance sheet through a digital treasury model, while Continuum Network will contribute its expertise in blockchain architecture and smart contract development.
The company believes that tokenizing non-cash assets could potentially unlock hundreds of billions in working capital across the energy industry. Sky Quarry plans to host a webinar to introduce its digital asset strategy.
Sky Quarry (NASDAQ: SKYQ) ha firmato un Memorandum d'Intesa (MOU) con Continuum Network, con sede a Hong Kong per valutare la tokenizzazione delle sue materie prime mediante blockchain. La partnership punta a esaminare gli aspetti tecnici, normativi e commerciali necessari a creare un quadro sicuro per token collegati a risorse.
La collaborazione si svolgerà per fasi: dalla definizione del concept e dall'analisi della conformità regolamentare, fino allo sviluppo, al lancio pilota e alla commercializzazione. Sky Quarry interpreta questa iniziativa come parte di una strategia più ampia volta a rafforzare il proprio bilancio tramite un modello di tesoreria digitale, mentre Continuum Network apporterà la sua competenza in architettura blockchain e nello sviluppo di smart contract.
L'azienda ritiene che la tokenizzazione di asset non monetari possa liberare centinaia di miliardi di capitale circolante nel settore energetico. Sky Quarry prevede di organizzare un webinar per presentare la propria strategia di asset digitali.
Sky Quarry (NASDAQ: SKYQ) ha firmado un Memorando de Entendimiento (MOU) con Continuum Network, con sede en Hong Kong para explorar la tokenización de sus materias primas mediante blockchain. La alianza busca evaluar los aspectos técnicos, regulatorios y comerciales necesarios para crear un marco seguro para tokens vinculados a recursos.
La colaboración se desarrollará por fases, desde el diseño conceptual y el análisis de cumplimiento regulatorio hasta el desarrollo, el despliegue piloto y la comercialización. Sky Quarry considera esta iniciativa parte de una estrategia más amplia para fortalecer su balance mediante un modelo de tesorería digital, mientras que Continuum Network aportará su experiencia en arquitectura blockchain y desarrollo de smart contracts.
La compañía estima que la tokenización de activos no monetarios podría liberar potencialmente cientos de miles de millones en capital de trabajo en la industria energética. Sky Quarry planea organizar un webinar para presentar su estrategia de activos digitales.
Sky Quarry (NASDAQ: SKYQ)는 블록체인 기반 상품 토큰화 가능성을 모색하기 위해 홍콩 소재 Continuum Network와 양해각서(MOU)를 체결했습니다. 이번 파트너십은 자원 연계 토큰을 위한 안전한 프레임워크를 구축하기 위해 기술적, 규제적, 상업적 측면을 평가하는 것을 목표로 합니다.
협업은 개념 설계와 규제 준수 분석부터 개발, 파일럿 배치, 상업화에 이르기까지 단계적으로 진행됩니다. Sky Quarry는 이 이니셔티브를 디지털 재무 모델을 통한 재무구조 강화라는 더 큰 전략의 일환으로 보고 있으며, Continuum Network는 블록체인 아키텍처와 스마트 계약 개발에 관한 전문 지식을 제공할 예정입니다.
회사는 현금이 아닌 자산의 토큰화가 에너지 산업 전반에서 수천억 달러 규모의 운전자본을 유동화할 수 있을 것으로 보고 있습니다. Sky Quarry는 디지털 자산 전략을 소개하는 웨비나를 개최할 계획입니다.
Sky Quarry (NASDAQ: SKYQ) a signé un protocole d'accord (MOU) avec Continuum Network, basé à Hong Kong pour étudier la tokenisation de ses matières premières via la blockchain. Le partenariat vise à évaluer les aspects techniques, réglementaires et commerciaux nécessaires à la création d'un cadre sécurisé pour des tokens liés aux ressources.
La collaboration se déroulera en plusieurs phases, depuis la conception du concept et l'analyse de conformité réglementaire jusqu'au développement, au déploiement pilote et à la commercialisation. Sky Quarry considère cette initiative comme partie intégrante d'une stratégie plus large visant à renforcer son bilan via un modèle de trésorerie numérique, tandis que Continuum Network apportera son expertise en architecture blockchain et en développement de smart contracts.
L'entreprise estime que la tokenisation d'actifs non liquides pourrait potentiellement libérer des centaines de milliards de fonds de roulement dans le secteur de l'énergie. Sky Quarry prévoit d'organiser un webinaire pour présenter sa stratégie en matière d'actifs numériques.
Sky Quarry (NASDAQ: SKYQ) hat eine Absichtserklärung (MOU) mit dem in Hongkong ansässigen Continuum Network unterzeichnet, um die blockchain-basierte Tokenisierung seiner Rohstoffe zu prüfen. Die Partnerschaft zielt darauf ab, technische, regulatorische und kommerzielle Aspekte zu bewerten, um einen sicheren Rahmen für ressourcengebundene Tokens zu schaffen.
Die Zusammenarbeit wird in Phasen erfolgen: von der Konzeptgestaltung und der Analyse der regulatorischen Compliance bis zur Entwicklung, Pilotierung und Kommerzialisierung. Sky Quarry sieht dies als Teil einer umfassenderen Strategie zur Stärkung der Bilanz durch ein digitales Treasury-Modell, während Continuum Network seine Expertise in Blockchain-Architektur und Smart-Contract-Entwicklung einbringt.
Das Unternehmen ist der Ansicht, dass die Tokenisierung nicht liquider Vermögenswerte möglicherweise Hunderte von Milliarden an Betriebskapital in der Energiebranche freisetzen könnte. Sky Quarry plant ein Webinar, um seine Digital-Asset-Strategie vorzustellen.
- Partnership with established blockchain technology firm Continuum Network could enhance market access and liquidity
- Potential to unlock significant working capital through asset tokenization
- Strategic positioning at intersection of energy and digital asset markets
- Phased approach reduces implementation risks
- No definitive agreements yet - only at MOU stage
- Regulatory uncertainties around SEC approval
- Implementation timeline and costs not specified
- No specific tokens or currencies identified for acquisition
Partnership will assess how traditional energy assets can participate in emerging digital infrastructure
WOODS 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 parties. With its permissioned, gasless EVM chain built for transparency, traceability, and regulatory alignment, Continuum provides the institutional-grade infrastructure enterprises, financial institutions, and asset managers need to confidently digitize and manage real-world assets.
Mehdi Mehrtash, Founder of Continuum Network, said, “This partnership highlights Continuum’s role as a trusted enabler of the real-world asset ecosystem. By delivering a platform that ensures compliance, auditability, and interoperability, we empower organizations to unlock liquidity, strengthen balance sheets, and expand market participation. Working with forward-looking companies like Sky Quarry demonstrates how digital assets can drive growth across energy, finance, trade and positions Continuum Network at the forefront of building the next generation of trusted digital infrastructure.”
Sky Quarry remains focused on its core mission of recycling waste asphalt shingles into recycled oil and other valuable materials, while positioning itself to lead at the intersection of the energy and digital asset markets. It is continuing discussions with parties representing treasury assets that are potential candidates for the Treasury Model being contemplated by the Company. No determination has yet been made regarding which tokens or currencies the Company may acquire. The Company looks forward to continuing to update the market on this effort in the future.
Sky Quarry will be hosting an upcoming webinar to introduce its digital asset strategy. Interested participants can sign up here to be notified when registration opens.
About Continuum Network
Continuum Network is redefining enterprise blockchain with a gasless, public-permissioned EVM platform that removes the cost, complexity, and barriers to adoption of Decentralized Ledger Technology (DLT). By combining zero-trust architecture, decentralized identity (DID) standards, and asset-based encryption, Continuum enables organizations to verify identity, compliance, and data ownership without exposing sensitive information. Built for universal integration and global regulatory alignment, the platform empowers industries worldwide, from finance and energy to healthcare, manufacturing, logistics, and government, to operate with transparency, accountability, and trust. Continuum Network delivers the secure and scalable foundation needed for a more connected and resilient digital economy.
About Sky Quarry Inc.
Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.
Forward-Looking Statements
This press release may include ''forward-looking statements.'' All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the Company’s Form 10-K as filed with the SEC on March 31, 2025, as well as the Company’s Form 10-Q as filed with the SEC on August 14, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.
Investor Relations
Jennifer Standley
Director of Investor Relations
Ir@skyquarry.com
Company Website
www.skyquarry.com
FAQ
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