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Tokenized Uranium Goes Live on the Tezos Blockchain with Archax, Cameco Involved

Author: Content Editor
London-based Tezos ecosystem development firm Trilitech has launched Uranium.io, a blockchain-based marketplace that offers tokenized access to physical uranium oxide, also known as "yellowcake." The tokens are backed by physical uranium stored at Cameco, one of the world's largest uranium producers. The project aims to make it easier for retail investors to participate in the uranium market, which has traditionally been limited to over-the-counter trading. Tokenizing real-world assets such as uranium is becoming increasingly popular in the crypto market, as it offers cheaper transactions and faster settlements while reaching a broader investor audience. This initiative comes as nuclear power is experiencing a revival.

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