фото показано с : invezz.com

Tezos, a proof of stake blockchain, has unveiled the world’s first decentralised Uranium trading market place dubbed Uranium.io.

According to a December 3 announcement, the platform has been deployed on Etherelink, a layer 2 blockchain on the Tezos network.

Uranium.io is a decentralized application, that will allow users to connect their digital wallets, complete Know Your Customer (KYC) verification, and trade the critical resource.

The platform is the latest example of how the market for real-world assets (RWA) tokenization is opening up a previously inaccessible market for small investors. 

Tokenization involves creating digital tokens that are backed by financial or tangible assets, such as uranium, and recording them on an immutable blockchain ledger.

These tokens represent ownership or participation in the underlying asset, ensuring that each token is tied to a physical or financial equivalent securely held in a regulated depository or custodian.

In this case, Uranium acquired via the dApp is stored as  physical Triuranium octoxide (U3O8), commonly referred as Yello cake, which is procured by Curzon Uranium Ltd, a prominent Uranium trading frim based in the United Kingdom.

The U308 is then stored securlly by Cameco one of the leading uranium providers in the world, at a regulated depository.

This ensures that every token representing uranium on the platform is fully backed by a corresponding physical quantity of U3O8, providing transparency and trust for investors.

Speaking on the matter, Tezos co-founder Aurthur Breitman said in statement to media that the Uranium market actually benefits from having a “transparent, globally accessible ledger,” unlike other blockchain use cases.

He emphasized that the shared ledger introduces a level of trust and accessibility that is critical for trading uranium, an asset integral to the future of energy.

By leveraging blockchain technology and smart contracts, the platform reduces counterparty risks, and opens up uranium trading to a wider range of investors. 

Previously limited to institutional players via complex and costly investment instruments like exchange-traded funds, this new approach makes the market more accessible while also increasing liquidity and efficiency in uranium trading.

Uranium.io comes in response to growing demand for uranium as a source of low-emission energy, driven by the global shift toward sustainable solutions.

This demand has been further amplified by advancements in artificial intelligence, with companies like Microsoft exploring nuclear energy to power energy-intensive AI systems.

If the dApp is a success, Breitman expects it to lay the foundation for other commodity markets to be introduced in the decentralised space.

Despite the develop, the price of XTZ, the native token for the Tezos blockchain, was down 4.5% over the past 24-hours.

At press time, the altcoin as trading for $1.54 with a market capitalisation of $1.57 billion.

The post World’s first decentralized Uranium trading market launches on Tezos appeared first on Invezz

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