Uranium.io Gandeng Tezos To Present Uranium Trading For Retail Investors
JAKARTA - The uranium trading industry is now entering a new era with the presence of the Uranium.io trading platform integrated with Tezos (XTZ) blockchain technology. This is positive news for retail investors to enter the uranium market, which has only been accessible to large institutions.
The platform is backed by Curzon Uranium, a leading company in the uranium industry with total transactions of more than $1 billion. In addition, Archax, the UK's first regulated crypto exchange, helped strengthen the platform by connecting blockchain technology with conventional investment systems.
Through Etherlink, the Ethereum-compatible blockchain Layer 2 solution and supported by Tezos Smart Rollups, Uranium.io allows physical uranium tokenization. Investors can now purchase "yellowcake", a form of uranium used in nuclear fuel production, without the need to meet the large trading lot that has been an obstacle so far.
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Arthur Breitman, co-founder of Tezos, confirmed that the tokenization of real-world assets or Real World Assets (RWA) on blockchain provides a solution to reduce barriers and create new economic opportunities. "Uranium.io launch at Tezos is a perfect example of how a market limited by large lot sizes and high costs can become more inclusive and affordable," he said.
So far, uranium trading requires investors to buy in large quantities, at least 50,000 pounds at a price of around 4.2 million US dollars (Rp66.36 billion), which is only accessible to institutional investors.
However, using blockchain, Uranium.io changed this mechanism by storing uranium in a depository regulated by Cameco, one of the largest uranium providers in the world. Transactions can now be carried out more safely, transparently, and at a lower risk thanks to the implementation of smart contracts.
Shortly after the announcement, on Wednesday afternoon, December 4, the price of the Tezos (XTZ) coin was trading at IDR 28,800. It has risen 7.5% in the last 24 hours, according to CoinMarketCap data.
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