Nuclear energy is back in fashion, and a new blockchain-based marketplace aims to hop on the trend bringing investment access in the yellow ore to retail investors in a tokenized form.

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

Tokenized real-world assets is a rapidly growing corner of the crypto markets, with crypto firms and global financial institutions bringing traditional investments such as commodities to blockchain rails. They do so for cheaper transaction costs, faster settlements and to reach a broader investor audience. The digital tokens represent ownership of the underlying asset. For example, global bank HSBC introduced tokenized gold to retail inves

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Author: Krisztian Sandor