Uranium trading moves to blockchain thanks to the world's first decentralized platform Uranium.io, built on the Tezos network. Tezos has partnered with leading uranium trading company Curzon Uranium and the British cryptocurrency exchange Archax.
Tezos co-founder Arthur Breitman emphasized that the platform could "revolutionize" uranium trading by providing transparency and accessibility through blockchain.
Unlike many proposed blockchain use cases, the uranium market actually stands to gain significantly from having a shared, transparent, and globally accessible registry.
It allows users to finally access an asset that is key to the energy future at an affordable price," Breitman said.
Previously, retail investors could only invest in uranium through exchange-traded funds (ETFs). Uranium.io will allow for a "sharp reduction in entry barriers" and make the asset available to anyone interested.
Breitman noted that if the project succeeds, it could "serve as a model for other commodity markets."#2024withBinance
