CoinDesk Podcast Network MARKETS DAILY: Crypto Update | Tokenized Uranium Goes Live on the Tezos Blockchain
Dec 9, 2024
Arthur Breitman, co-founder of Tezos, dives into the innovative Uranium.io project that allows retail investors to own tokens backed by physical uranium. He emphasizes how this tokenization is set to disrupt traditional investment models and cater to the growing demand for nuclear energy. The discussion also touches on broadening participation in crypto through user-friendly solutions and the evolving competitive landscape for blockchain technology, highlighting the need for tangible applications in the tokenized commodities market.
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Direct Uranium Ownership
- Uranium.io offers tokens backed by physical uranium oxide (U3O8), providing direct ownership.
- This differs from previous attempts that used forward sales contracts or NFTs, not physical uranium.
Expanding Uranium Access
- Uranium.io is the first electronic marketplace for spot physical uranium, expanding access beyond retail investors.
- Previously, limited options included trusts, ETFs, stocks, or large OTC trades.
Investing in Uranium.io
- Investors can participate through a KYC process on uranium.io or via Etherlink, a Tezos layer-two solution.
- This DeFi-like experience offers trading and purchasing of uranium tokens on an on-chain system.