Tezos Launches First Blockchain-based Uranium Marketplace
12/3/24 - hours ago
In addition, Uranium.io has partnered with Curzon Uranium, a commodity trading firm with a proven track record in uranium transactions, to add further credibility.
With over 1.6 million ounces of uranium oxide stored at Cameco’s facilities, the tokens’ value is directly tied to real-world uranium, ensuring a reliable investment option.
Trilitech, a london based Tezos ecosystem firm has tapped into the nuclear energy market to “Uranium.io”, a groundbreaking blockchain-based platform to change the way people can invest in uranium.
Uranium.io is bringing tokenized uranium trading to the masses. This new platform allows individuals to invest in uranium without needing to purchase large quantities or deal with complicated trading systems.
The platform works by tokenizing uranium oxide U308, also known as yellowcake. allowing users to buy digital tokens that represent real uranium stored at a regulated facility. These tokens are linked to actual physical uranium managed by Cameco, one of the world’s largest uranium producers, and secured by Archax, a leading UK-regulated digital custodian.
Uranium.io is built on Etherlink, a fast Layer-2 network compatible with Ethereum, and it offers faster transactions and makes uranium trading accessible globally.
In fact, the platform breaks down the barriers that previously kept retail investors out of the uranium market, which has been largely dominated by institutional players.
The demand for uranium has been rising as countries turn to nuclear power for clean energy. Historically, individual investors had limited access to uranium through ETFs or large trades. However, Arthur Breitman, co-founder of Tezos, explains that this platform offers a new level of transparency, reducing friction in global uranium trading.
In addition, Uranium.io has partnered with Curzon Uranium, a commodity trading firm with a proven track record in uranium transactions, to add further credibility.
With over 1.6 million ounces of uranium oxide stored at Cameco’s facilities, the tokens’ value is directly tied to real-world uranium, ensuring a reliable investment option.
Uranium.io is part of the larger trend of real-world asset (RWA) tokenization, where physical assets like gold and commodities are brought onto blockchain networks.
With nuclear energy on the rise, Uranium.io offers investors a way to be part of a vital industry with greater access and trust. As Arthur Breitman puts it, blockchain is enabling global access to a crucial energy resource at an affordable price.
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