{"id":19179,"date":"2024-12-04T13:14:31","date_gmt":"2024-12-04T11:14:31","guid":{"rendered":"https:\/\/forklog.com\/en\/tezos-launches-marketplace-for-tokenized-uranium\/"},"modified":"2024-12-04T13:14:31","modified_gmt":"2024-12-04T11:14:31","slug":"tezos-launches-marketplace-for-tokenized-uranium","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tezos-launches-marketplace-for-tokenized-uranium\/","title":{"rendered":"Tezos Launches Marketplace for Tokenized Uranium"},"content":{"rendered":"<p>The blockchain platform Tezos has unveiled the decentralized marketplace xU3O8 for trading tokenized uranium.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">\u269b\ufe0f Introducing <a href=\"https:\/\/twitter.com\/uranium_io?ref_src=twsrc%5Etfw\">@uranium_io<\/a>! \u269b\ufe0f<\/p>\n<p>By leveraging a decentralized ledger and smart contract capability, tokenized uranium enables holders to own digitally allocated yellowcake uranium stored in a robust physical vault. ?<\/p>\n<p>Available on <a href=\"https:\/\/twitter.com\/etherlink?ref_src=twsrc%5Etfw\">@etherlink<\/a>, the EVM-comptabile L2 blockchain\u2026 <a href=\"https:\/\/t.co\/gz99RAI5uk\">pic.twitter.com\/gz99RAI5uk<\/a><\/p>\n<p>\u2014 Tezos (@tezos) <a href=\"https:\/\/twitter.com\/tezos\/status\/1863955530177221004?ref_src=twsrc%5Etfw\">December 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u00a0<\/p>\n<p>The project is implemented in partnership with the British crypto company Archax and industry trader Curzon Uranium.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBy using the capabilities of a decentralized ledger and smart contracts, tokens allow holders to own digitally physical uranium located in a secure vault,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>The marketplace utilizes the EVM-compatible second-layer solution Etherlink based on Tezos technologies.<\/p>\n<p>Curzon Uranium founder Nick Clarke told <a href=\"https:\/\/www.reuters.com\/technology\/firms-launch-physical-uranium-buying-small-investors-using-blockchain-2024-12-03\/\">Reuters<\/a> that there has been a surge of investor interest in uranium recently. This is driven by reduced production amid growing demand for nuclear energy from the AI sector.<\/p>\n<p>Unlike gold or platinum, traded in small bars, uranium is offered in a minimum lot of approximately 22.7 tons, valued at over $4 million. Small market participants can access the metal through funds like Sprott or Yellowcake. However, shares of these structures traded on exchanges often deviate from the prices of the underlying asset.<\/p>\n<p>According to Clarke, xU3O8 democratizes uranium investment. Tokens provide the opportunity to own a small share \u2014 the minimum purchase amount is not restricted.<\/p>\n<p>Physically, the raw material will be stored at facilities of the Canadian producer Cameco.<\/p>\n<p>Earlier, McKinsey projected the tokenized asset market to grow <a href=\"https:\/\/forklog.com\/en\/news\/mckinsey-projects-tokenized-asset-market-to-reach-1-9-trillion-by-2030\">to $1.9 trillion<\/a> by 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The blockchain platform Tezos has unveiled the decentralized marketplace xU3O8 for trading tokenized uranium. \u269b\ufe0f Introducing @uranium_io! \u269b\ufe0f By leveraging a decentralized ledger and smart contract capability, tokenized uranium enables holders to own digitally allocated yellowcake uranium stored in a robust physical vault. ? Available on @etherlink, the EVM-comptabile L2 blockchain\u2026 pic.twitter.com\/gz99RAI5uk \u2014 Tezos (@tezos) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,822,1308,1722],"class_list":["post-19179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-marketplace","tag-rwa","tag-tezos-xtz"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19179"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19178"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}