Tezos launches world’s first Uranium marketplace on blockchain

The global uranium trade could soon adopt blockchain technology, thanks to a new platform built on the Tezos blockchain.

Uranium.io the world’s first blockchain-based decentralized application for uranium trading, aims to lower the barriers to entry for investors.

The platform will launch in partnership with Curzon Uranium, a leading uranium trading company that traded over $1 billion worth of the asset, and Archax, the first registered cryptocurrency exchange in the United Kingdom, according to an announcement shared exclusively with Cointelegraph.

Arthur Breitman, co-founder of Tezos, highlighted the platform’s potential to revolutionize uranium trading by introducing transparency and accessibility through blockchain.

“Unlike many proposed blockchain use cases, the Uranium market actually benefits substantially from having a shared, transparent, globally accessible ledger,” Breitman said. “It’s allowing a global audience to finally access an asset that’s key to the future of energy at an affordable price.”

The platform presents new financial opportunities for retail investors, considering that investing or trading uranium was previously limited to institutional investors with large amounts of capital.

Previously, retail access to uranium was only possible through exchange-traded funds (ETFs).

The new platform is part of the growing real-world asset (RWA) tokenization segment, which refers to financial and tangible assets being minted on the immutable blockchain ledger to increase investor accessibility and liquidity around the assets.

Blockchain to streamline and democratize global Uranium markets — Tezos

Blockchain can introduce key benefits to real-world commodity markets, such as the ability to “drastically reduce barrier to entry,” Breitman explained:

“Smart contracts can automate much of the overhead traditionally required to participate in these markets, while the global nature of the blockchain means anyone can engage with the platform without needing to build complex international banking relationships or contractual frameworks from scratch.”

Uranium purchased through the decentralized applications will be maintained as physical Triuranium octoxide (U3O8) at a regulated depository owned and operated by Cameco, one of the leading uranium providers worldwide.

The platform’s launch comes as the global uranium market experiences rapid growth, driven by the increasing demand for nuclear energy as a low-emission alternative for powering energy-intensive artificial intelligence protocols.

Companies like Microsoft are already exploring nuclear energy solutions, including plans to use a reactivated reactor at the Three Mile Island plant in Pennsylvania.

Breitman noted that if Uranium.io is successful, it could “serve as a model for other commodity markets.” He added:

“There’s enormous value in reducing friction in global trade.”

Source: https://cointelegraph.com/news/tezos-world-first-uranium-marketplace-blockchain