Tezos Aims to Democratize Uranium Trading with Blockchain-Based Uranium.io Platform
Blockchain platform Tezos aims to democratize the uranium trade, traditionally dominated by institutional investors, through Uranium.io, the world’s first decentralized application designed specifically for uranium trading.
Uranium.io, built on the Tezos blockchain, aims to lower barriers to entry for retail investors, providing unprecedented access to a market previously limited to large-scale institutional players.
The platform is launching in partnership with Curzon Uranium, a major uranium trading firm with over $1 billion in trades, and Archax, the United Kingdom’s first registered cryptocurrency exchange.
Uranium Market to Benefit From Ledger Technology
Traditionally, retail investors could only engage with uranium indirectly, such as through exchange-traded funds (ETFs).
Uranium.io changes this dynamic by introducing tokenized uranium assets.
— XU3O8 (@uranium_io) December 3, 2024
It’s official: tokenized uranium is available to trade now! Powered by @Tezos, @ArchaxEx, and Curzon, you have the opportunity to invest in physical uranium–U308—via our trading platform.
Buy, own, and trade physical uranium:A direct and transparent way to invest in… pic.twitter.com/wgEGQ8H9SO
These assets, minted on an immutable blockchain ledger, are part of the growing real-world asset (RWA) tokenization trend, which enhances liquidity and accessibility for tangible and financial assets.
Blockchain technology further simplifies participation by automating processes through smart contracts, eliminating the need for complex banking relationships and contractual frameworks.
Uranium purchased via Uranium.io will be stored as physical Triuranium octoxide (U3O8) in a regulated depository managed by Cameco, a global leader in uranium supply.
The launch of Uranium.io coincides with rising demand for uranium, fueled by the global shift toward nuclear energy as a low-emission alternative.
Nuclear energy is gaining traction as industries like artificial intelligence increasingly require sustainable, high-capacity power solutions.
Companies such as Microsoft are already exploring nuclear energy options, including plans to utilize reactivated reactors.
Magic Integrates Etherlink to Enhance Tezos dApp Development
In May, Magic partnered with Etherlink to boost Tezos dApp development with enhanced scalability and security.
The integration was intended to simplify onboarding for blockchain users. By combining Etherlink’s scalability and security with Magic’s easy-to-use wallet SDK, the partnership seeks to improve the development of dApps on the Tezos blockchain.
Etherlink, an EVM-compatible layer 2 solution, offers quick transaction times and low costs.
It integrates directly with Tezos layer 1, reducing common smart contract risks and providing a solid foundation for secure DApp development.
The post Tezos Aims to Democratize Uranium Trading with Blockchain-Based Uranium.io Platform appeared first on Cryptonews.
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Tezos Aims to Democratize Uranium Trading with Blockchain-Based Uranium.io Platform
Blockchain platform Tezos aims to democratize the uranium trade, traditionally dominated by institutional investors, through Uranium.io, the world’s first decentralized application designed specifically for uranium trading.
Uranium.io, built on the Tezos blockchain, aims to lower barriers to entry for retail investors, providing unprecedented access to a market previously limited to large-scale institutional players.
The platform is launching in partnership with Curzon Uranium, a major uranium trading firm with over $1 billion in trades, and Archax, the United Kingdom’s first registered cryptocurrency exchange.
Uranium Market to Benefit From Ledger Technology
Traditionally, retail investors could only engage with uranium indirectly, such as through exchange-traded funds (ETFs).
Uranium.io changes this dynamic by introducing tokenized uranium assets.
— XU3O8 (@uranium_io) December 3, 2024
Buy, own, and trade physical uranium:
These assets, minted on an immutable blockchain ledger, are part of the growing real-world asset (RWA) tokenization trend, which enhances liquidity and accessibility for tangible and financial assets.
Blockchain technology further simplifies participation by automating processes through smart contracts, eliminating the need for complex banking relationships and contractual frameworks.
Uranium purchased via Uranium.io will be stored as physical Triuranium octoxide (U3O8) in a regulated depository managed by Cameco, a global leader in uranium supply.
The launch of Uranium.io coincides with rising demand for uranium, fueled by the global shift toward nuclear energy as a low-emission alternative.
Nuclear energy is gaining traction as industries like artificial intelligence increasingly require sustainable, high-capacity power solutions.
Companies such as Microsoft are already exploring nuclear energy options, including plans to utilize reactivated reactors.
Magic Integrates Etherlink to Enhance Tezos dApp Development
In May, Magic partnered with Etherlink to boost Tezos dApp development with enhanced scalability and security.
The integration was intended to simplify onboarding for blockchain users. By combining Etherlink’s scalability and security with Magic’s easy-to-use wallet SDK, the partnership seeks to improve the development of dApps on the Tezos blockchain.
Etherlink, an EVM-compatible layer 2 solution, offers quick transaction times and low costs.
It integrates directly with Tezos layer 1, reducing common smart contract risks and providing a solid foundation for secure DApp development.
The post Tezos Aims to Democratize Uranium Trading with Blockchain-Based Uranium.io Platform appeared first on Cryptonews.
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