Sky Quarry explores cryptocurrency

Sky Quarry Inc. (NASDAQ: SKYQ), an integrated energy solutions company focused on recycling waste asphalt shingles, has announced a strategic initiative to explore and potentially adopt a cryptocurrency treasury model.

This move is part of a broader plan to leverage digital assets to strengthen the company’s balance sheet and improve capital efficiency.

Key highlights of their exploration include:

Digital Asset Treasury: In a July 2025 announcement, Sky Quarry stated its intent to establish a digital asset treasury that could include a diversified portfolio of digital currencies, stablecoins, and other blockchain-based instruments. The company is actively in discussions to secure capital commitments for this initiative.

Tokenization of Real-World Assets: Sky Quarry is exploring a more innovative use of blockchain technology: the tokenization of its commodities. The company recently signed a Memorandum of Understanding (MOU) with Continuum Network, a Hong Kong-based blockchain firm, to explore how its non-cash assets, such as recycled oil and other materials, could be represented on a blockchain. This collaboration aims to create a secure and compliant framework for “resource-linked commodity tokens.”
Sky Quarry Inc. (NASDAQ: SKYQ), an integrated energy solutions company focused on recycling waste asphalt shingles, has announced a strategic initiative to explore and potentially adopt a cryptocurrency treasury model.

This move is part of a broader plan to leverage digital assets to strengthen the company’s balance sheet and improve capital efficiency.

Key highlights of their exploration include:

Digital Asset Treasury: In a July 2025 announcement, Sky Quarry stated its intent to establish a digital asset treasury that could include a diversified portfolio of digital currencies, stablecoins, and other blockchain-based instruments. The company is actively in discussions to secure capital commitments for this initiative.

Tokenization of Real-World Assets: Sky Quarry is exploring a more innovative use of blockchain technology: the tokenization of its commodities. The company recently signed a Memorandum of Understanding (MOU) with Continuum Network, a Hong Kong-based blockchain firm, to explore how its non-cash assets, such as recycled oil and other materials, could be represented on a blockchain. This collaboration aims to create a secure and compliant framework for “resource-linked commodity tokens.”

Strategic Rationale: According to Marcus Laun, EVP and Co-Founder of Sky Quarry, the tokenization of assets could free up hundreds of billions of dollars in working capital currently tied up across the energy industry. This would provide domestic companies with the capital needed to accelerate growth and position Sky Quarry at the forefront of the convergence of energy, digital assets, and AI.

Phased Approach: The partnership with Continuum Network will be executed in phases, beginning with concept design and regulatory compliance analysis before moving on to development and commercialization.

Expert Engagement: Sky Quarry has formed an internal working group and engaged with industry advisors who have expertise in digital custody, capital markets, and the broader blockchain ecosystem to ensure a disciplined and professional approach to its digital asset strategy.

This move is a notable example of a company in a traditional industrial sector exploring how to apply blockchain technology not just for investment purposes but also to fundamentally change its operational and capital structure.

Strategic Rationale: According to Marcus Laun, EVP and Co-Founder of Sky Quarry, the tokenization of assets could free up hundreds of billions of dollars in working capital currently tied up across the energy industry. This would provide domestic companies with the capital needed to accelerate growth and position Sky Quarry at the forefront of the convergence of energy, digital assets, and AI.

 

Phased Approach: The partnership with Continuum Network will be executed in phases, beginning with concept design and regulatory compliance analysis before moving on to development and commercialization.

Expert Engagement: Sky Quarry has formed an internal working group and engaged with industry advisors who have expertise in digital custody, capital markets, and the broader blockchain ecosystem to ensure a disciplined and professional approach to its digital asset strategy.

This move is a notable example of a company in a traditional industrial sector exploring how to apply blockchain technology not just for investment purposes but also to fundamentally change its operational and capital structure.