The First Uranium-Backed Token Uranium3o8 Is Live on Uniswap

Ready Supply of Uranium

Tokenized physical assets are a new trend in the crypto sector. Using gold to back new tokes was the first choice, considering precious metals were used to back currencies issued by central banks until the 70s of the last century when fiat money came into vogue. Some crypto companies decided to branch out and use bonds as the basis for their tokens.

However, uranium has not been considered a viable option until now. The move makes a lot of sense in the current energy crisis and changing attitudes regarding nuclear power. In the past, this commodity wasn’t traded on the open market but between private buyers and sellers. The U token opens new opportunities for market stability through transparent prices, effectively democratizing ownership of uranium.

Currently, there is a deficit of about 20,000 tons of uranium per year, and the shortage will increase with the announced restarts of nuclear power plants. According to the CEO of Madison Metals, a licensed uranium broker is already interested in redeeming up to $10 million worth of uranium with the intent to transfer the metal to a European enricher. The company has a ready supply of uranium for delivery, but about 20 million pounds are still underground in the Namibia mines owned by Madison Metals and waiting to be exploited.

Tokenized Assets Inaugurate a New Era

Projections for the future of tokenized assets indicate that the market can grow to $10 trillion by the end of the decade, as digital asset firms are pivoting towards tokenization because of the technology’s potential for near-instant settlements and lower trading frictions.

Investors can look favorably at Uranium3o8, thanks to its less opaque price and accessibility to a wider investor base. Presently, residents of Iran, North Korea, and India cannot purchase the $U because of sanctions concerning the delivery of uranium.