LONDON, UK — Uranium.io, a tokenization platform that brings an on-chain uranium market, has received Finest New Product within the Crypto and Web3 Innovation class on the Benzinga World Fintech Awards.
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The win, introduced at a ceremony in New York on November 10, highlights the rising intersection between real-world property (RWA) and decentralized finance.
Tokenization of the world’s most strategic merchandise
Uranium.io’s award-winning product xU3O8 represents bodily possession of uranium oxide (U3O8), a steady, unenriched uranium utilized in nuclear gasoline manufacturing. Every xU3O8 token is backed by verified uranium reserves saved in a regulated facility operated by Cameco, one of many world’s largest uranium producers.
Powered by Etherlink, an EVM-compatible Layer 2 constructed on Tezos, uranium.io transforms the as soon as opaque uranium market right into a clear, accessible, and tradable digital ecosystem. The platform permits customers to purchase, commerce, and even use uranium as collateral for DeFi lending and borrowing, successfully mixing one of many world’s oldest commodities with the pace and transparency of recent blockchain infrastructure.
Increasing the boundaries of real-world property
Benzinga’s evaluation panel praised uranium.io for pushing the frontiers of blockchain past typical tokenized property comparable to gold and actual property. By pinning uranium on-chain, the platform opens a brand new chapter in accessible, compliant, and globally interoperable institutional-grade commodity buying and selling.
“We’re honored to be acknowledged by Mr. Benzinga for this achievement. This award is a testomony to our workforce’s imaginative and prescient to construct a clear and trusted bridge between crucial bodily items and the digital economic system. Tokenizing uranium on Tezos is a big step ahead for the RWA business, and we’re simply getting began.”
Ben Elvidge, uranium.io Product Lead
With its current integration with Oku, a lending and borrowing protocol powered by Morpho, uranium.io is unlocking new liquidity choices for token holders. xU3O8 can now be used as collateral. This can be a first for the uranium business and a transparent signal that DeFi and power markets are beginning to converge.
Why Tezos issues
The selection of the Tezos blockchain, recognized for its sturdy monitor document in real-world asset tokenization, was central to uranium.io’s success. Tezos affords excessive safety, low charges, and superior good rollup know-how, making it perfect for establishments dealing with worthwhile regulated property.
By leveraging Tezos’ Etherlink Layer 2, uranium.io ensures institutional-grade compliance and effectivity whereas sustaining seamless interoperability with the broader EVM ecosystem.
