Tezos-powered Uranium.io opens retail access to Uranium trading

Uranium.io Launches Decentralized Uranium Trading Platform

Uranium.io, a groundbreaking decentralized marketplace for uranium trading, has officially launched, revolutionizing access to this vital resource.

Built on the Tezos blockchain, the platform empowers retail investors to directly trade physical uranium, previously restricted to institutional investors due to high entry barriers.

Amidst growing global demand for uranium driven by the rise of nuclear energy, Uranium.io addresses the inaccessibility of the market for smaller investors.

Tokenizing Uranium

Leveraging blockchain technology, Uranium.io tokenizes physical uranium through smart contracts, eliminating traditional over-the-counter processes and minimum purchase thresholds. This opens the market to retail investors, allowing them to trade fractional amounts.

Curzon Uranium and Cameco, reputable companies in the uranium industry, ensure the procurement and secure storage of physical uranium purchased through Uranium.io.

Smart contracts automate transactions and custody transfers, enhancing transparency, security, and reducing the need for intermediaries.

Decentralized Operation

Uranium.io operates as a decentralized application on Etherlink, a Tezos-based Layer 2 blockchain. Users connect their digital wallets, complete KYC verification, and trade U3O8 ("yellowcake") for nuclear fuel production. The decentralized nature mitigates counterparty risks commonly associated with uranium trading.

This platform aligns with the growing trend of real-world asset tokenization, with institutional tokenized asset markets exceeding $300 million in 2023 and firms like BlackRock exploring blockchain for asset management.