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- Uranium.io launches as a decentralized application on Tezos, making uranium trading accessible beyond institutional investors.
- Supported by Curzon Uranium and Archax, Uranium.io breaks traditional barriers in uranium market with blockchain technology.
London, December 3, 2024 — Uranium.io, a groundbreaking marketplace for trading uranium, has launched on the Tezos blockchain as a decentralized application (dApp). This platform, supported by Curzon Uranium and Archax, democratizes access to uranium trading, historically limited to institutional investors. Curzon Uranium has facilitated over $1 billion in uranium trades, and Archax stands as the first crypto exchange registered in the UK.
The launch of Uranium.io responds to increasing global demand for uranium, fueled by governmental commitments to net-zero emissions and the significant energy needs of artificial intelligence technologies.
Major tech companies, including Microsoft, Google, and Amazon, are expanding into nuclear energy, reflecting a broader trend of integrating AI with sustainable power solutions. For example, Microsoft plans to utilize the reactivated Three Mile Island reactor to support its operations.
Traditionally, uranium trading has been restricted to over-the-counter transactions with substantial minimum lot sizes—50,000 lbs, equating to roughly $4.2 million. This market exclusivity has kept retail investors at bay, with limited alternatives such as uranium-focused ETFs that often fail to precisely track the underlying asset price due to managerial inefficiencies.
Uranium.io introduces a tokenization model that converts physical uranium into tradeable tokens on the blockchain, significantly reducing entry barriers like minimum purchase requirements. This innovation not only makes the market accessible but also enhances transaction efficiency by leveraging blockchain technology for ownership transfer and trade settlement.
Arthur Breitman, co-founder of Tezos, commented on the platform’s launch, highlighting its potential to transform uranium trading:
“Integrating real-world assets into the blockchain facilitates new economic arrangements and reduces traditional market frictions. This application of blockchain technology is particularly pertinent as nuclear power gains renewed interest globally.”
The Uranium.io dApp operates on Etherlink, an EVM-compatible Layer 2 solution utilizing Tezos Smart Rollups. It offers users an intuitive interface to engage with the market, purchase uranium, and connect digital wallets. The dApp ensures security and transparency, reducing counterparty risks traditionally associated with physical trading by using smart contracts for immediate settlement and custody transfers.
Purchased uranium is stored in regulated depositories managed by Cameco, one of the leading global uranium providers, ensuring that holders receive institutional-grade oversight.
Tokenization of real-world assets like uranium represents a significant growth area for blockchain technology.
According to Van Eck, the market capitalization of tokenized institutional assets has surged from nearly zero to $300 million within the first nine months of 2023. The move by Blackrock earlier this year to tokenize assets in its portfolios marks a pivotal development in this field, underscoring the expanding role of blockchain in financial and commodity markets.
For more information on how to purchase U3O8, interested parties can visit www.uranium.io.
About Tezos
Tezos has emerged as an influential player in the blockchain sector, offering a platform that prioritizes energy efficiency, governance, and long-term scalability. Recognized for empowering institutions, developers, and businesses, Tezos supports the creation and management of crypto assets and decentralized applications.
About Etherlink
Etherlink, a Layer 2 blockchain solution, extends the capabilities of the Tezos infrastructure. Operating as a non-custodial, EVM-compatible network, Etherlink leverages Tezos Smart Rollups to enhance transaction efficiency and reduce costs.
About Curzon Uranium
Curzon Uranium specializes in the uranium trade, holding a significant position within the nuclear energy sector. This privately owned entity engages in the acquisition and distribution of physical uranium, serving an international clientele that includes suppliers, traders, utilities, and financial institutions.
Curzon Uranium’s strategic operations facilitate substantial transactions across the nuclear value chain, emphasizing its role as a critical partner in the industry. More information about their services and operations is available on their corporate website.
About Archax
Archax stands as London’s first digital securities exchange tailored to institutional investors. It integrates traditional capital market expertise with blockchain innovation, providing a regulated platform for digital securities.
With a strong advisory board and a focus on bridging blockchain with traditional investment practices, Archax represents a significant development in financial technologies. Additional details can be accessed through their official website.
Their collective efforts underline the growing relevance of blockchain in creating efficient, transparent, and secure systems for global commerce and investment.
Media Contact
- Eoin McGinley
- Head of PR, Trilitech
- [email protected]
