Lenz & Staehelin with DeXentra on public offering launch
Lenz & Staehelin advised Swiss startup DeXentra on the launch of a public offering for up to USD 60 million of the OilXCoin, 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 offering’s official launch-day was April 23, 2025. The proceeds from the transaction will be directed at financing, expanding and developing the DeXentra’s business operations, which focus on the exploration and extraction of oil and gas reserves.
The context
Prior to this public offering, DeXentra raised capital via a private sale of NFTs, equipping holders with the right to obtain OilXCoins upon issuance.
OilXCoin is thus set to offer its tokens to the public in Switzerland and across the European Union under the EU Growth Prospectus regime, while conducting a private placement in the United States under Regulation D.
The Lenz & Staehelin team
Lenz & Staehelin acts as lead counsel to DeXentra in this transaction. Ariel Ben Hattar (pictured left) and Jeremy Bacharach (pictured right – both capital markets/fintech) lead the firm’s team on the matter, working alongside Roman Graf (corporate/M&A), Rébecca Dorasamy and Eli-Louise Hunkeler (both tax), as well as Ilya Skurikhin and Charlotte Arndgen (both capital markets).
