Trading uranium transitions to blockchain thanks to the world's first decentralized platform, Uranium.io, created on the Tezos network. The partner of Tezos became the leading uranium trading company Curzon Uranium and the British cryptocurrency exchange Archax. Co-founder of Tezos Arthur Brightman emphasized that the platform could "revolutionize" uranium trading, providing transparency and accessibility through blockchain.
Unlike many proposed options for using blockchain, the uranium market actually receives significant benefits from the presence of a common, transparent, and globally accessible register. It allows users to finally gain access to an asset that is key to the energy future, at an affordable price, said Brightman. Previously, retail investors could only invest in uranium through exchange-traded funds (ETFs). Uranium.io will allow "significantly reducing entry barriers" and make the asset available to all interested parties. Brightman noted that if the project achieves success, it could "serve as a model for other commodity markets." It is known that uranium acquired through Uranium.io will be stored in the form of physical uranium trioxide (UO3) in a special repository owned by the leading uranium supplier, Cameco.
