The Scoop Arthur Breitman on tokenizing the 'red hot' Uranium market
Mar 28, 2025
Arthur Breitman, Co-founder of Tezos, dives into the launch of uranium.io, a blockchain marketplace transforming uranium trading for retail investors. He discusses the complexities and transparency issues in the current uranium market. The conversation highlights the implications of tokenization and its potential to drive demand for nuclear energy amidst geopolitical tensions. Additionally, Breitman explores the evolving landscape of commodities, including the intersection of AI and energy needs, revealing why uranium is 'red hot' right now.
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Difficulty Buying Uranium
- Arthur Breitman wanted to buy uranium for his portfolio but found limited options.
- Physical uranium had high minimums, and existing ETFs didn't track prices well.
Uranium Market Structure
- Uranium oxide (U308 or yellow cake) is traded in large minimums (around $4 million) through account transfers with storage facilities like Cameco.
- Uranium.io aims to fractionalize uranium trading, enabling smaller investments.
Limitations of Uranium Derivatives
- Existing uranium ETFs lack creation/redemption mechanisms, leading to price discrepancies and high fees.
- The CME has uranium futures, but they have low trading activity.