Tezos launches blockchain for nuclear fuel trading

The Tezos team, in cooperation with Curzon Uranium and the British crypto exchange Archax, has created the xU3O8 platform. It is designed to trade tokenized uranium. The tokens are backed by physical uranium oxide U3O8, which is used in the production of nuclear fuel.

It is noted that the xU3O platform was launched on the basis of Tezos Smart Rollups. It offers tokens backed by the «yellow cake» — physical uranium oxide U3O8. The raw material will be stored at the Canadian facilities of nuclear fuel producer Cameco, which will provide proof of stocks.

The developers emphasize that the platform democratizes access to the uranium market by opening it up to retail investors. In traditional markets, uranium is traded in large lots of 22 tons worth more than $ 4 million, making it out of reach for small investors. The xU3O8 platform will allow you to buy rights to any amount of the underlying asset without minimum or maximum restrictions.

The advantages of this innovation include:

• Accessibility: the platform removes barriers to investing in nuclear fuel by providing the opportunity to invest any amount.
• Transparency: storage of uranium at Cameco’s facilities guarantees reliability and confirmation of reserves.
• Innovation: the use of blockchain technology ensures the speed and security of operations.

The new project could be a game changer in the nuclear fuel market, attracting more investors and increasing the liquidity of the asset.