Last Mile Production Selects Fireblocks as Institutional Custody and Tokenization Infrastructure for LMCX Carbon Avoidance Token

Decision aligns LMCX Carbon Avoidance Token stack with the operational controls institutional allocators already require for traditional commodity exposure

SOUTHLAKE, Texas, June 3, 2026 /PRNewswire/ -- Last Mile Production, LLC ("LMP") is the operator of record for the carbon abatement assets and holds additional working interests throughout the Permian Basin, today confirmed the selection of Fireblocks as the institutional custody and tokenization infrastructure backing the LMCX Carbon Avoidance Token (CAT) stack.

The decision aligns CAT with the operational controls institutional allocators already required for traditional commodity exposure. Fireblocks maintains rigorous compliance, holding both SOC 2 Type II certification (with zero material findings), ISO 27001 and related certifications, and is the world's first C4 CCSS QSP Level 3 certified company., Its MPC-CMP architecture eliminates single-point-of-failure key custody.

LMP converts physical methane abatement events into retirement-ready institutional digital assets, starting with Wellbore and ending with Token. Fireblocks' tokenization product provides audited reference contracts and a policy engine that sits above the token layer — a posture LMP considers prerequisite, not differentiator, for any credit instrument intended to clear into regulated balance sheets.

"The carbon markets do not need more methodologies — they need fact-based, deterministic data backed by physics and engineering," said Zach Wagner, CEO of Last Mile Production. "Building on a foundation that focuses on OGMP 2.0 L5 reporting means the highest accuracy and accounting of emissions. Layered on top is CAT custody and reserve management through Fireblocks, which means the institutional desks evaluating this asset are looking at an infrastructure stack they have already underwritten elsewhere. Compliance is not bolted on. It is the asset."

For institutional counterparties, the practical implications are concrete: custody is performed by a vendor already approved in most institutional vendor management programs, removing a common barrier to onboarding digital commodity exposure.

Last Mile Production believes institutional capital already understands the value of real-world energy cash flows. What the market increasingly requires is greater transparency, secure custody, auditability, and real-time settlement infrastructure. The company's tokenization platform is being designed to deliver those capabilities at scale.

Last Mile Production's long-term roadmap is built around the belief that tokenization will modernize how energy and environmental assets are financed, verified, and traded. The company plans to place multiple categories of operator-controlled cash flows onto a single institutional-grade digital infrastructure — beginning with methane avoidance and carbon assets through LMCX CAT, and expanding into hydrocarbon production-linked assets and other real-world asset categories over time.

About Last Mile Production, LLC

Last Mile Production, LLC is a Texas-based oil and gas operator focused on developing the LMCX Carbon Avoidance Token platform across legacy Permian Basin wellbores and related infrastructure assets, creating measurable environmental and economic value through methane abatement and well retirement initiatives. LMP's carbon abatement framework is built on OGMP 2.0 Level 5 reporting, EPA Subpart W, ISO 14064, and ISO 14065, with ISO 14065-accredited third-party verification.

About Southern ITS International, Inc., DBA CorpHQ

Southern ITS International, Inc. is a diversified holding company focused on building long-term value through strategic investments and operating subsidiaries in the oil and gas exploration and consumer beverage sectors.

Forward-Looking Statements

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SOURCE CorpHQ