Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18

Jesse Pollak explains how Pectra Upgrade will overload the basic network

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Tokenized uranium goes live on the Tezos Blockchain with Archax and Cameco joining it
Blockchain

Tokenized uranium goes live on the Tezos Blockchain with Archax and Cameco joining it

2024-12-04No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Nuclear energy is back in fashion, and a new blockchain-based marketplace is looking to capitalize on the trend of offering retail investors access to investments in the yellow ore in a tokenized form.

London-based Tezos ecosystem development company Trilitech on Tuesday launched Uranium.io to offer tokens backed by physical uranium oxide U3O8, also known as ‘Yellowcake’. The app is built on Etherlink, an EVM-compatible Layer-2 network on top of Tezos. (XTZ). The project recruited British-regulated digital asset firm Archax as custodian for the underlying assets and created the tokens. The physical metal is stored and maintained in a regulated warehouse at Cameco, one of the world’s largest uranium producers.

Tokenized real-world assets are a fast-growing corner of the crypto markets, with crypto companies and global financial institutions bringing traditional investments such as commodities to blockchain rails. They do this for cheaper transaction fees, faster settlements and to reach a broader investor base. The digital tokens represent ownership of the underlying asset. For example, earlier this year, global bank HSBC introduced tokenized gold to private investors in Hong Kong.

Uranium is a crucial metal for energy production, fueling nuclear power plants with increasing demand. However, the uranium market is fragmented, with trading concentrated on over-the-counter desks and retailers’ ability to invest in the metal limited, Arthur Breitman, director of TriliTech and co-founder of the Tezos blockchain, told CoinDesk . in an interview. Moving ownership representation to blockchain rails reduces friction and makes it easier for average investors to participate, he added.

“This is especially exciting because nuclear energy is experiencing a resurgence,” Breitman said.

See also  Ankr Enhances Blockchain Project Management with Launch of Team Accounts for RPC Service

However, it is not the first attempt to put trade with yellow ore on blockchain rails. Last year, a project called Uranium3o8 launched a uranium-pegged token on the decentralized crypto exchange Uniswap, backed by a forward sale agreement with a mining company. However, the token decoupled from physical uranium prices and eventually dropped to near zero a few months after launch, CoinGecko data shows, underscoring the difficulties of creating a tokenization structure that works.

To ensure the token’s value is anchored to the physical metal, Uranium.io has collected approximately 1.6 million ounces of uranium oxide from Cameco, Breitman said. Meanwhile, commodity trading company Curzon Uranium is also providing access to primary markets for the ore.

Source link

Archax Blockchain Cameco joining Live Tezos tokenized uranium
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Jesse Pollak explains how Pectra Upgrade will overload the basic network

2025-05-18

Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

2025-05-18

Chainware and Karatdao work together to redefine security and identity in chains

2025-05-18

Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Cardano Chang hard fork goes live – So why is ADA offline?

2024-09-02

Dogecoin (DOGE) Rally in Hold: Can Momentum Come Back?

2024-12-17

MultiversX Bridge extends support to Bitcoin and Ethereum

2024-05-26
Editors Picks

BTC new whales continue to enter the markets despite the decline

2024-09-17

Crypto Analyst Issues Dogecoin Warning, Says DOGE Breakout Delayed After Complicated Weekly Close

2023-10-31

Will bulls overcome key resistance?

2024-10-14

Nansen and Scroll collaborate for blockchain growth and improved analytics

2024-10-31
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Hedera Hashgraph (HBAR) Price forecast before 19 May

Jesse Pollak explains how Pectra Upgrade will overload the basic network

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,119.920.81%
  • ethereumEthereum(ETH)$2,390.31-3.52%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.360.25%
  • binancecoinBNB(BNB)$640.65-0.18%
  • solanaSolana(SOL)$166.20-0.37%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2210192.78%
  • cardanoCardano(ADA)$0.73-0.72%
  • tronTRON(TRX)$0.263016-3.19%
  • suiSui(SUI)$3.780.74%
  • chainlinkChainlink(LINK)$15.25-0.57%
  • avalanche-2Avalanche(AVAX)$22.03-0.34%
  • stellarStellar(XLM)$0.282866-1.19%
  • hyperliquidHyperliquid(HYPE)$25.91-1.61%
  • shiba-inuShiba Inu(SHIB)$0.0000141.11%
  • hedera-hashgraphHedera(HBAR)$0.190999-0.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.65-0.09%
  • bitcoin-cashBitcoin Cash(BCH)$395.670.06%
  • the-open-networkToncoin(TON)$3.06-0.58%
  • litecoinLitecoin(LTC)$97.781.49%
  • polkadotPolkadot(DOT)$4.57-0.64%
  • moneroMonero(XMR)$341.900.81%
  • bitget-tokenBitget Token(BGB)$5.204.45%
  • pepePepe(PEPE)$0.0000136.04%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.743.41%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.801.55%
  • bittensorBittensor(TAO)$410.46-2.57%
  • aaveAave(AAVE)$218.77-0.79%
  • nearNEAR Protocol(NEAR)$2.711.31%
  • okbOKB(OKB)$52.30-1.54%
  • aptosAptos(APT)$4.97-1.71%
  • ondo-financeOndo(ONDO)$0.91-0.39%
  • kaspaKaspa(KAS)$0.1093920.50%
  • internet-computerInternet Computer(ICP)$5.10-0.60%
  • ethereum-classicEthereum Classic(ETC)$17.89-1.05%
  • gatechain-tokenGateToken(GT)$21.53-0.51%
  • crypto-com-chainCronos(CRO)$0.096910-0.16%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.820.91%
  • mantleMantle(MNT)$0.730.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2328130.53%
  • vechainVeChain(VET)$0.0277580.33%
  • render-tokenRender(RENDER)$4.48-0.77%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.3645732.60%
  • algorandAlgorand(ALGO)$0.2186971.73%
  • filecoinFilecoin(FIL)$2.790.16%
  • cosmosCosmos(ATOM)$4.740.99%
  • bitcoinBitcoin(BTC)$104,119.920.81%
  • ethereumEthereum(ETH)$2,390.31-3.52%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.360.25%
  • binancecoinBNB(BNB)$640.65-0.18%
  • solanaSolana(SOL)$166.20-0.37%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2210192.78%
  • cardanoCardano(ADA)$0.73-0.72%
  • tronTRON(TRX)$0.263016-3.19%
  • suiSui(SUI)$3.780.74%
  • chainlinkChainlink(LINK)$15.25-0.57%
  • avalanche-2Avalanche(AVAX)$22.03-0.34%
  • stellarStellar(XLM)$0.282866-1.19%
  • hyperliquidHyperliquid(HYPE)$25.91-1.61%
  • shiba-inuShiba Inu(SHIB)$0.0000141.11%
  • hedera-hashgraphHedera(HBAR)$0.190999-0.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.65-0.09%
  • bitcoin-cashBitcoin Cash(BCH)$395.670.06%
  • the-open-networkToncoin(TON)$3.06-0.58%
  • litecoinLitecoin(LTC)$97.781.49%
  • polkadotPolkadot(DOT)$4.57-0.64%
  • moneroMonero(XMR)$341.900.81%
  • bitget-tokenBitget Token(BGB)$5.204.45%
  • pepePepe(PEPE)$0.0000136.04%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.743.41%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.801.55%
  • bittensorBittensor(TAO)$410.46-2.57%
  • aaveAave(AAVE)$218.77-0.79%
  • nearNEAR Protocol(NEAR)$2.711.31%
  • okbOKB(OKB)$52.30-1.54%
  • aptosAptos(APT)$4.97-1.71%
  • ondo-financeOndo(ONDO)$0.91-0.39%
  • kaspaKaspa(KAS)$0.1093920.50%
  • internet-computerInternet Computer(ICP)$5.10-0.60%
  • ethereum-classicEthereum Classic(ETC)$17.89-1.05%
  • gatechain-tokenGateToken(GT)$21.53-0.51%
  • crypto-com-chainCronos(CRO)$0.096910-0.16%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.820.91%
  • mantleMantle(MNT)$0.730.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2328130.53%
  • vechainVeChain(VET)$0.0277580.33%
  • render-tokenRender(RENDER)$4.48-0.77%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.3645732.60%
  • algorandAlgorand(ALGO)$0.2186971.73%
  • filecoinFilecoin(FIL)$2.790.16%
  • cosmosCosmos(ATOM)$4.740.99%