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Cryptocurrency News Articles

Uranium.io Brings Tokenized Uranium Trading to the Masses, Democratizing Access to the Nuclear Energy Market

Dec 04, 2024 at 01:10 am

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 Brings Tokenized Uranium Trading to the Masses, Democratizing Access to the Nuclear Energy Market

A London-based Tezos ecosystem firm, Trilitech, has ventured into the nuclear energy domain with “Uranium.io,” a blockchain-based platform designed to revolutionize the way people can invest in uranium.

Uranium.io is introducing tokenized uranium trading to the masses. The platform enables individuals to invest in uranium without the need to purchase large quantities or navigate complex trading systems.

The platform tokenizes uranium oxide U308, commonly known as yellowcake, allowing users to purchase digital tokens that represent real uranium stored at a regulated facility. These tokens are linked to actual physical uranium, which is managed by Cameco, one of the world's largest uranium producers, and secured by Archax, a leading UK-regulated digital custodian.

Built on Etherlink, a fast Layer-2 network compatible with Ethereum, Uranium.io offers faster transactions and makes uranium trading accessible globally.

The platform notably breaks down the barriers that have traditionally excluded retail investors from the uranium market, which has been largely dominated by institutional players.

With countries turning to nuclear power for clean energy, the demand for uranium has been increasing. In the past, individual investors could only access uranium through ETFs or large trades. However, as Arthur Breitman, co-founder of Tezos, explains, this platform provides a new level of transparency, reducing friction in global uranium trading.

To enhance credibility, Uranium.io has also partnered with Curzon Uranium, a commodity trading firm with extensive experience in uranium transactions. The tokens are directly linked to real-world uranium, with over 1.6 million ounces of uranium oxide stored at Cameco's facilities, ensuring a reliable investment option.

Uranium.io aligns with the broader trend of real-world asset (RWA) tokenization, where physical assets like gold and commodities are integrated into blockchain networks.

As nuclear energy gains momentum, Uranium.io provides investors with an accessible and trustworthy avenue to participate in a critical industry. According to Arthur Breitman, blockchain is making crucial energy resources available worldwide at an affordable cost.

News source:www.cryptotimes.io

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Other articles published on Dec 05, 2024