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Deployments · platform by Justoken

Justoken Enertoken electricity tokens (JMWH) for YPF LuzNew

Enertoken is a platform Justoken built for YPF Luz, the Argentine power generator, to tokenise, sell and manage electricity on the XRP Ledger. Each JMWH token stands for one megawatt-hour committed under signed supply contracts: tokens go to the generator's wallet, are assigned to clients and are burnt when the energy is delivered. Clients use it to contract, monitor and report on their supply. The ledger mirrors contracts kept off chain, so its balance counts only in the recorded-on-ledger figure. Justoken said it launched in March 2026 with over $800 million of energy; RWA.xyz valued JMWH at $2.23 billion in October 2026, held by 166 addresses.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since Mar 2026[1] — Tokens issued to the generator and its contract clients only (166 holding addresses on RWA.xyz); not traded openly. · Reviewed 13d ago

Assets
Undisclosed[2]
JMWH, one token per contracted megawatt-hour of electricity
Networks
XRP Ledger Public, permissionless[1][2]
Use cases
Asset servicing[2][1]
Jurisdictions
Argentina

Participants

Assets

Metrics

  • $2.23bnJMWH tokens outstanding (value) · as of 26 Oct 2026 · on XRP Ledgercontext[2]
    37.15m tokens (MWh). A 'represented' record of off-chain contracts. Counted in the recorded-on-ledger figure, not headline totals (record-only ledger; decision 2026-10-26-discovery-3). Recorded on ledger: the ledger mirrors an ownership record kept elsewhere, so this balance is counted in the separate recorded-on-ledger figure, not in totals.
  • ~$800mEnergy assets tokenised at launch · as of Mar 2026context[1]
    'More than USD 800 million' in the initial phase. Shown, not summed (decision 2026-10-17-commodities-1).
  • 166 holdersToken holders · as of 26 Oct 2026context[2]
    Holding addresses on RWA.xyz (19 three months earlier). Recorded on ledger: the ledger mirrors an ownership record kept elsewhere, so this balance is counted in the separate recorded-on-ledger figure, not in totals.

Timeline

  1. Happened Mar 2026 (month only) · Launch · recorded 26 Oct 2026
    YPF Luz and Justoken launch Enertoken on the XRP Ledger, tokenising more than $800 million of energy assets in the first phase.[1]

Sources

  1. [1]YPF Luz and Justoken announce one of the world’s largest tokenized energy asset projects on the XRP Ledger — Justoken, Mar 2026. Accessed 26 Oct 2026.B
  2. [2]RWA.xyz | JMWH — RWA.xyz. Accessed 26 Oct 2026. Supply and holders on chain (A); its labels (structure "claim", CNV PSAV regime Res. 1058/2025, CAMMESA as custodian and auditor) are RWA.xyz metadata, not confirmed by CNV or CAMMESA..A

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